How I do it is through selective screening and I have been 100% successful.By instituting certain screening standards it will naturally eliminate the vast majority of non target applicants.For example young couples with children will generally have lower credit scores. 

My question(s) is what are all the little things I should do in order to make it as easy as possible for my partner and I to get the deal, assuming the one we chose is a good one.Details: Flipusing partners cashusing partner work (contractor)I will help with workworking with my agent for buy and sellSomething my agent asked was whose name would offer be under, my or theirs and already discussed profit and work splits so that is not an issue. 

-how is 'profit/cash flow' defined?

Baton Rouge had a major flood event a year ago and it stands to reason that there would be a huge disparity between purchase and resale prices of properties that are flood damaged.  

I barely made a profit and I paid cash for everything.

Also, can someone bullet point profit strategies from notes?

I'm considering bringing my friend in with a % of profit.

Lastly you want to make sure there are no immediate major repairs coming due soon (roof, hvac, siding, etc) If so make sure you budget that in for the near future.Good luck!!

For example; If you need to force 20% equity on a 100k home VS forcing 20% on a 200k home that is a major difference.

Non professional practices will normally result in major financial losses.