We have cash backing and would like to gain more knowledge before we make a decision.  

Ultimately, I'd like to gain an understanding flipping houses, no money down purchases, and rental properties. 

Not only will you save money but you will gain an understanding of the work that goes into a flip so that as you develop your team and systems later, you'll know which jobs you'll want to keep doing (if any) and which parts you want to hire out.As an example, I typically do the initial clean out and removal of old light fixtures and appliances so I can get a good feel for what all the house needs. 

You live in an excellent area for investing as I have personally done it in somerset and north brunswick quite a bit.It sounds like you are looking for capital gains in the appreciation of your property.  

If you can cover the costs however you are gaining more value for the property for sure.

I’m here to ensure you have a Plan B so we can avoid an auction sale.NOT - Haven’t gained a solid lead yet.

Looks like gaining access to MLS or finding someone who does is my next step!

It never makes sense in my opinion to try and make $600 more per year and have vacancies and repairs that exceed that short term gain.

I am looking to make investments in the future as well as gain more knowledge on investments to be able to assist my clients with purchasing decisions. 

I don't think the question is "How can you lose" but how much can you gain.