He said a few years ago they appraised around 1.2m and since then have fixed several of them up.

Hey guys!

I'm a 23 y/o investor in Tampa Florida and I'm looking for my first flip. I'm excited about getting started and I just wanted to know if there was anything you wish you would have known before you started f...

Are you trying to buy fix and sell, or buy and rent ?

It’s located in my home town, and it truly is move in ready, the homeowner has lived there for 25 years and VERY meticulous about fixing or repairing anything that needs done and she has kept an extensive journal of anything that has EVER been done.

The average “fix” is relatively cheap, sub $2,000.  

Also, I avoid flat roof, multi units with common HVAC, prop in flood zone, crime area, etc. as they are either too costly to fix that don’t worth investment of time n money or just can’t be fixed, period.Anything that comes mind to flip switch off for further analyzing that property or filter out before even begain to analyze?

Have people ever been able to either get a fixed rate option or that there is a cap on the interest rate?

Is it possible to get a more traditional loan with fixed interest for 20-30 years?

I've also thought about reaching out to one of these major portfolio lenders and putting everything on more fixed long-term debt to increase my cash flow, but I like the idea of paying everything off in 15 years. 

My friend's family is poor but I'm planning on helping him fix that with our business ;)We live in the Daytona Beach area in Florida which as many people know is where the NASCAR Daytona 500 is held along with Bike Week so the housing market is ridiculous here (in a good way)We're thinking since we are both going to stay with our parents well into our 20's we should make our first investment on a duplex so we'll have a great financial boost from 2 units funding us.I just want some opinions from experienced investors on how they feel about this plan.