@Austin Fogt nailed it.

Quote from @Erika Martinez: Michael nailed it.

@Patrick Butlerit's a good question, especially since Biggerpockets has pivoted hard from a couple years ago, when it was "buy any property and net $200 a month" to now, when it's "invest long term for equity and maybe you won't quickly or ever get cash flow"I think @Bill Brandt nailed it. 

And while you may be able to make an argument regarding a letter of the law, and possibly get away with it- you might get nailed on spirit of the law without being told so.

Looks like you've got some of the major items nailed down.

Lancaster I think @Wayne Brooks nailed it.

I think @Julie Hudson hit the nail on the head regarding your conversations with companies and things you will need to be prepared for. 

KC really nailed the lending side of leverage for flips.Keep in mind flipping is extremely challenging as your fixing up a structure that people will live in.If you partner (as kc mentioned) have a well outlined structure, preferably by an attorney.Know FL laws & regulations very well, including contractors requirements.There are many things that can & do go wrong that are out of your control.

You hit the nail on the head with most of these.  

I think you hit the nail right on the head.