EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

Buying the land right (at a good price) will determine the end result of cash flow (if building the home to keep) especially as you factor in Holding costs and Builder fees. 

Initially the numbers were 40k for rehab cost Lessons learned?

., I look at worst case of what would it cost to roll-back all changes and add that in. 

My money market funds are dedicated to go towards a down payment, closing costs, etc.

@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.

I was a student they offered to sponsor a deal for and it has cost me everything, literally. 

Another neat piece is the IRRRL, which allows for cost-effective refi's (similar to R/T) if rates ever drop. 

Also, you can't know how the cost of materials could fluctuate over your project time, so consider purchasing any materials upfront so you can stick to your budget.