If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

Ultimately, I want to build a bigger buy and hold portfolio, but I'm thinking it might be worth flipping some houses to build cash.Thanks!

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Either way, I would protect myself as if both parties are ultimately responsible for the following reason..If and when something happens, the homeowner will want to contact the appropriate party to repair/fix the issue.

Your ultimate backup should be equity in the collateral (property) which can be recovered if the borrower defaults.

You can also check out his free ebook Ultimate Beginner's Guide, it has a lot of helpful tips for starting up.

Ethics is a big deal in real estate for success and long term survival.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessFinally -be sure to setup some keyword alerts - especially for "New York City" so you can jump into local conversations.See you around the forums!

I think that we both ultimately can benefit on both sides.

@Tina O.Great goal for certain, however if cash flow is your ultimate goal, perhaps you should approach it a bit slower.Live on nothing, pay down your debt, and in a short time it will start to snowball.