In the US we did back in 2009, but it was very time consuming and was tough to do on food, given most of the coupons are for very unhealthy food.

For example I hate doing drywall jobs, it is messy, unhealthy, and time consuming and very difficult the estimate. 

Moving properties into an LLC if they are residential creates a host of issues making operating the properties more time consuming and frustrating.

We lived in the top unit and enhanced the value with a nice paint job new flooring and added a ceiling fan, added a half bathroom in the single house and lots of exterior work.

With an improvement budget of approximately $85,000, we completed:-New Interior / Exterior Paint-New Windows-New Flooring-Fully renovated lower unit Kitchen and 2 Bathrooms-New Forced Air Units-Sustainable landscaping including installation of new water-saving irrigation and drought tolerant plants-Significantly enhanced the look and feel of the property through strategic renovations, delivering additional value to the property.The duplex currently projects high-end curb and interior appeal which provided for an increase in rental rates of nearly 40%.

With an improvement budget of approximately $85,000, we significantly enhanced the look and feel of the property through strategic renovations, delivering significant value to the project and neighborhood.The duplex currently projects a high-end look which provided for an increase in rental rates of nearly 40%.

I am in the same boat right now, constantly consuming content and getting really excited about every single deal that comes my way but still looking for the right one.

THEN pay down consumer credit cards....

Flips are much more riskier and time consuming, but once you are done...you are done. 

@Tammy Mason  I'd highly recommend reading (and becoming familiar with) this document: California Dept of Consumer Affairs: Landlord-Tenant Handbook.It's a very helpful guide (assuming your property is also in the same state as you).