Many people are looking to flip homes. The truth is there are a lot of pit falls most people are not aware of. Basically, there are 3 types of flippers. First, the neighbor who sees the vacant house next door. Second, the Novice who has money and thinks they can just jump into this field with little or no experience (this group is the most likely to make costly mistakes). And finally the Pro (these individuals have developed a plan, a team, resources, and they know what they are doing. The …