Start by reviewing everything under the Education section and listening to podcast interviews.

You'll definitely get bookings if your place shows nicely in photos, is in a decent location, and your price isn't too high, and once you've established yourself a bit, good reviews help a lot. 

You are a really smart and experienced guy. i am surprised you haven't heard of this before.

If you never owned one, then your best bet is to find a deal and to bring it to someone experienced to partner up with  so that you can learn from them.

Hello,please, dont go flipping anything from hard money at this time. try door knocking, calling on craigslist, zillow etc to find wholesale dealssave up money then partner with an experienced flipper/rehabber on your first flip.until then, join local groups, meet 5 ppl a day in RE, build a network, provide value to them by supplying leads to them..via wholesale or even referral understand online marketing as well...thats the future, under how technology can be l leveraged in RE.so, you need to MARKET, NETWORK, & AUTOMATEfor now, start with marketing. kill it!!!

I am looking to go into a flip here in DC with a colleague of mine, who is an experienced investor that has about 12 properties in the area.

You could also load up their bids once you got them for us to review.

Account ClosedSo I'm not very educated/experienced here, which may be a good thing in this case, but why not just ask him to loan you the 5K? 

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My lawyer is an experienced RE attorney but he has not mentioned this.