I know of a local non-profit that provides funding.

After all, why own multi-unit properties except for the profit that they can put into your pocket?

So Maybe it would make $6,000/month profit?

My main goal at the moment is to become as familiar as possible with everything rehab and real estate so i can be successful with this investment and develop my next investments into more profitable ones as i go.

If you plan to sale the property in say 1 to 5 years, then there is no real need to worry about building long term equity as you will simply make your profit when you sell.

I'm looking for a book that covers topics on how to locate the best properties to flip, how to maximize your profit from specific renos, how to market your properties yourself, and basically a top to bottom strategic guide on flipping properties.

Will they want a detailed project analysis or will pall park figures work if the profit margin is big enough?

I think you can especially profit from it if you can lock in loan rates before the July 1 interest rate hike by the fed:http://www.1stmillionat33.com/2006/06/a-strategic-trade-in-this-housing-market/I know some of you are quite risk adverse, but all signs point to interest rates climbing for a long time to come.

I just read "Buy It, Flip It, Sell It, Profit" by Kevin Myers, in which is says mold is a much bigger deal lately than it ever has been in the past.

Save all the money you make doing that until you have your own cash to make the deals work for you.When you get enough cash, you can work the deal without giving a huge chunk of the profits to someone else.