Have you done a member search on this site @Lokesh Thumba?

Welcome and this site is a wealth of information and knowledge, my suggestion is read, read, read then get started! 

I just don't want to lose money on my first flip.

Here's a link to their site, shoot me a message if you have any quesitons, i would be happy to help.  

Those goals you have mentioned are very attainable on this site.

At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.

You will lose your shirt!

You can find one on this site in the member section for where you are.

I bet after him losing money for another 2 years on it he will be willing to sell for less and then you already have it locked.

You can easily do this by buying an older edition on Amazon, asking questions on sites like Biggerpockets, and building your own network.