Hey Amy,None down in FL, but if I had any guesses based on just the rehab climate down there your biggest issue is going to be finding an insurance policy to cover the work. 

When I am doing rehabs, it is project based: i.e. replumb this whole property for $15k. 

He advises me what to buy based on what he knows he can get rid of it for.

Title: The Hidden Dangers of Underwater Fix & Flip Projects: The Erosive Power of TimeThere's an escalating situation within the fix & flip domain that we feel needs to be brought to people's attention - underwater projects.Underwater projects occur when the outstanding loan value surpasses the current market value of the property.

There are a few happening regularly in Indy, and you’ll usually meet flippers, wholesalers, and lenders who are open to sharing insight (and sometimes looking for hungry people to help on projects).If you’re interested in house flipping, shadowing someone who’s actively doing it — even just by tagging along during walkthroughs or helping estimate rehab — will fast-track your learning curve way more than YouTube or books ever could.

There are so many things that you can learn through this forum and books.

A few things I’ve learned that might help:Raising Private Capital: It all comes down to trust and transparency.

Just won an auction and need help learning the contractor ropes.

I’m Marla J Blake, a real estate agent based in the beautiful Upstate of South Carolina.

while it's certainly important to have a knowledge base on what they do, i don't know that working for them is necessary.