I scour for MLS listings each day to see if any good opportunities pop up and I'm also slowly training my mother and sister to drive for dollars.

Basically if you're just fixing what's there, it doesn't change your basis. 

So I started a eviction process which is fairly easy and got her out in 3month, basically killing any profits I made but the experience was well worth it.

I'm just in Asheville for the VA right now because I have multiple issues from Iraq, including a brain injury which currently prevents me from driving. 

Other than having exposure to BP, I do not have any experience but I hope to get my feet wet by taking some basic classes at a local community college and purchasing my first duplex or multiplex.

I do it all the time when I'm cooking, washing dishes, driving, etc.

I remember listening to one of the recent podcasts (can't remember which episode in particular) but the investor was invested in a more rural area and said rents can basically stay flat for years and years.

I shouldn’t drive over to see the house unless I have a proof of funds letter from the lender, but I can’t get a proof of funds letter unless I know what the rehab/repair costs will be if that will be included, and I can’t get the rehab/repair costs unless I get inside the house.Am I reading too much into this conondrum?

We do rent to a few 20 year olds but they all work in the toyoda plant 45 minutes away so no much partying after a long day and drive time.

Basically, a FLIP funded with income-producing RE passes on net income (rents) initially and then, at a point that you specify when you create the trust, the trust will 'flip' to paying you a flat rate of income based on the trust's total value.