There are many meanings that people talk about for flipping. Some discuss it as actually getting a loan for a property, then quickly renovating it to resell it. This is something you can do but there are also many financial risks that can be a concern, particularly in down or lingering markets.
When we mention flipping, we are talking about controlling houses cost effectively and then assigning (or flipping) them to another buyer for a fast profit. When we talk about real estate wholesaling, we are basically talking about finding houses cost effectively and assigning them cost effectively to another person or rehabber; thus the term wholesaling. For more clarification on terminology, when you flip a house to another rehabber, this just means you are giving the right to them to take ownership of the home directly from the home owner.
After you get a property under contract, you will have control. Then you can flip it to another person at retail price or for a flat fee so they can buy it. They take your place in the contract, then take ownership of the property, take care of repairing it and either keep it or sell it to an end buyer for a larger price. A method like the one created by Matthew Sorensen for real estate investing is a great no risk strategy to create quick profits using little or no credit or other financing techniques.
Since you have neither of these limitations you can also do as a many as you want making real estate wholesaling a great cash flow system especially once you have a steady system working for your team!