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that is nice to have a common interest. It is a lot of stress but you will learn from the successes and mistakes. Certainly you can make money.
The lessons I have learnt and am still learning

  • Don't trust what people say. They will tell you what you want to hear.
  • Contractors are a pain. Don't send them money until you see proof of work.
  • Always assume you won't sell quick enough and for the fair price. Buyers can be very picky unless you are flipping in the hot areas - bay area/seattle/nyc area/nashville etc.

Good luck