Are there other strategies you can use if the flip doesn't sell right away for a profit? 

Knowing your exit strategy is essential, regardless of whether your goal is to keep onto the property for the long term, sell it for a profit, or switch to another investing approach.Your choice will ultimately be based on your tastes, risk tolerance, and investing goals.

I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.A couple I'd recommend to you based on your post are..FLIP - How to Find, Fix, and Sell Houses for ProfitThe Book on Flipping Houses How to Buy, Rehab, and Resell Residential PropertiesThis book is not currently available on Audible but a must readThe Book on Estimating Rehab Costs - J ScottBigger Pockets has become one of my best resources.

I think you either sell or go one of two routes.1) Plan to hold for at least 5 years. 

My partner and I recently walked a property. In talking with our contractor to schedule a walk thru to get a scope of work, he informed us the property belongs to one of independent HMLs whom he has worked with extens...

My approach is hands-on, detail-oriented, and grounded in a deep understanding of the local market dynamics.What I Offer:Sweat Equity and Expertise: I bring my comprehensive experience in managing the entire flipping process – from scouting the right properties and overseeing renovations to marketing and selling.

Two people in foreclosure, 200000 people in foreclosure, doesn't mean they are motivated to sell their house just because they are in foreclosure.The whole premise of lists , or classifying and labeling people/"motivated sellers", based on their situation, is completely wrong.If dealing with a foreclosure increases your chances of motivation, how come you need to send 1000 letters to the foreclosure list to get one deal?

They are selling their program to mentor and help you reach that goal in 6 months (Me Calling leads from Listsource.com to find deal, Finding owners (propstream) having discussion, Sending Letters of Intent (after they have ran the deal thru an analyzer to make sure it makes $ sense, Then finding the funding/investors in their network) and then to help you stabilize and refinance and pay off the Investors/Syndication. 

Only someone selling you a product will advise differently! 

My thinking is that the property will increase in value (similar to an IRA) so I can sell it in 10 or 15 years AND I will have had the monthly rental income during that time.