Yes, it's scary but gets less scary the more you learn and the more successes (and failures) you have under your belt.

In your area homes may not be that expensive but I would not put all your equity into a flip until you get a few flips under your belt.

Get 5 deals under your belt and life probably looks easy in hindsight but that is the primary existential problem; life can only be lived forward but you can only explain it looking backwards.

@Keith GilbertI just got my first rental under my belt.

You will also have some experience under your belt, which lenders like to see.

They typically wont go to 100% but they may give you enough cash that your building your initial pot of money enough to do multiple deals at once.As always, the struggle is in the beginning, after you are off the ground and have some deals under your belt, things getting easier and more options open up to you that weren't there before.  

Hopefully this helps, feel free to DM me or reply back on this thread if you have any more follow up questions.Hey i bought my first house in 79 in Milpitas  It was a Shapell new construction on 1143 Arizona Ave right behind the high school.. paid 80k for it.. this massive appreciation is  a  major component of many Bay Area and West coast folks success's I know it is for me.I bought a house in Palo Alto for 185kk and so on and so forth.And there are many cities out in the mid west or East rust belt where homes are selling for less than they sold for in the 80s  west coast gentrifies and values rise.. other areas become over run with rentals and values regress or stagnate.. 

Some countries and areas are overbuilt and take a long time to rent out.In the United States the cold belt states tend to be higher cash flow but also have a lot of weak suburban to rural areas dying off with net migration moving to warm belt states.

There is allot of information out there that can guide you but until you have a couple under your belt in your environment its just all educated guesses. 

@Aaron Belt Thank you very much!