What to Stay Away From: Are there any red flags or pitfalls that I should be mindful of when selecting properties to flip? 

In the sales contract the option to limit the seller to retaining the deposit instead of suing for liquidated damages is usually selected.

It was a simple selection and scheduling process.

Even at $500,000 we try to select different funding options.  

The varied opinions means that you can sort through and select the ones that suits you best. 

Credit ~800Presuming 25% down, but open to whatever numbers work out bestNon-owner occupiedLong distance (no specific geography selected yet)Professional managementLeaning towards MHP initially, but open to apartments if the numbers workPriority is maximizing cash flow, especially in the first 1-3 years

Some select states are eligible for 80% cash-out refinances. 

@Tricia O'BrienIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

County selection and pricing is very important.