Unless you have another 9-5 income stream - solely focusing on flipping (from a novice investor prospective) is a losing strategy.

In expensive markets it is even easier for a newbie to overestimate ARV while potential buyers are conservative. especially right now were sellers may not have caught up with the fact that market is leveling and retreating.. so you do all this work and the seller wants 50k more than its worth even as a wholesale so no one buys it.. time wasted.I cant see how anyone that really wants to bring buyer and seller together just does not get a license.. you have multiple ways to make money with the license. listings selling them. referrals  leasing all sorts of things revenue streams.. wholesaling as its preached has ONE buy low sell to the next guy who may or not over pay.

I'm using prop stream and can gather a motivated seller list.

An income stream, a set amount of cash (and if so, what will she do with the cash; just look at it on the kitchen table or something else), to fund a specific purchase, to gift to family members, etc?

Do you have streams of income through pensions, etc.  

also In Canada now a day many A/B lenders setting limit on no.of properties you get lending for  (max 6) [ 4 X 6 = 30 income streams  OR  2X6 = 12 income streams   OR 1X6 = 6 income streams] so find if Lenders in States have any limitations like thisOver all, I love the house hacking concept great way to start. 

South FLA is too rich for my blood… I have been pretty busy getting those purchases going and helping some close friends and family get into REI.

Long distance investing looks like it will be my best option for now as South Florida is too rich for my (investing) blood.

You keep the income streams completely separate. 

What happens if the contractor walks off the job mid-stream?