If anyone has any insight on different loans or sources to finance the deals and can explain (as I am relatively new to real estate). 

@Fernando Espinoza, could you point to a source?

Welcome to BPIn order to flip houses you will need a source of cash as you've clearly figured out.

I'm a investor in the Kansas City area I borrowed  $40000 from a hard money source with 9 month terms, we'll it's my one year anniversary The loan is do.

That is such an amazing source of all types of information.

The best sources will be the Census Bureau and the Bureau of Labor Statistics.

In Missouri, the attorney general has a guide:https://www.ago.mo.gov/docs/default-source/publica...and in St Louis (where I own properties) there is a landlord guide:https://www.stlouis-mo.gov/government/departments/...Tower Grove Neighborhoods Community Development Corporation has landlord training classes with different topics - evictions is the topic in March.

If you want my 2016 tip of the year and you can source the funds to make it happen.

I'm having trouble finding comps to estimate ARV for my potential house because no other houses have this view/water area and there are few other ranch houses in this city.Does anyone know a source/website where I can see the sold prices for houses on just Smith Street so I can compare apples to apples?

This place is a great source of info!