Hi Gege, I would recommend listening to some of the podcasts from BiggerPockets, they really help a lot when you are getting started.

Hi @Kenneth Alan Flugrad, come and network this month at our next meetup, you might meet others that could be valuable in your flipping endeavors.https://www.biggerpockets.com/forums/521/topics/1229391-sout...

This is also easy to say when I only have 5 properties / 7 doors. 

Does this strategy make sense, or am I overlooking any potential pitfalls?

In the spirit of Goal Setting, here are my top 5 Tips for ensuring you set goals with the highest probability of success. 1.

It would be helpful to have some software to stay organized. 

I'd love to hear more to about how we may be able to work together and help our clients maximize their investments.  

You will find that there is a good network of investors in Indy that are willing to help out.

What tips do you have for someone just getting started?

This will give you a baseline, I.e. own the Main St project same thing as this one, and it cost me all in $125,500 to do the full rehab.