First Property Purchased!

[Tim Illguth]

So I just closed on my first real estate deal. (Well actually my second but the first time I really didn't know what I was doing. I built a house and then sold it for a $60k profit. Then used that money to go to school full time ) I consulted with a real estate investor from the states and a real estate agent who himself invests. I was able to find a freeze up house worth $200k (according to the agent) for $80k. I asked and he said it was a deal he would invest in but didn't currently have the means. I was able to purchase it as an owner occupied unit, since I will be living in it for about a year. The repairs came to $36k total so we should be able to profit from the sale in a year. My question is; how should I keep from accidentally putting down roots or making too many improvements. I've asked my realtor and he said just ask him before making any improvements but I wanted to ask for any help on the mindset of a live in flip or good books you would suggest so I stay in the right path?