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From my personal observation, all of the cars worth buying to flip sell in a couple hours and most of the "mechanics specials" need a lot more than "just a head gasket.
There are a LOT of people out there doing this and the vast majority are dishonest scumbags who are probably in the country illegally or dropped out of high school.
The only way I could see it making an honest buck would be only doing one type of car that a lot of the scumbags know better than to get involved with (e.g. E30 or 944) and having a couple parts cars and using the cheapest new parts when nescicary.
Whenever I go look at a car I check the sellers ID and the title. If they don't match I walk away.
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