I've always been reluctant to get involved with flipping.  It seems to me, from my client base, that I would be competing for propeties with my own clients.  I can see buying a long term investment property, but that kind of bothers me as I am already over exposed to real estate by doing title work.  I'm a lot more comfortable with diversifing outside of the real estate world in other investments.  I guess I'm kind of conservative in this way.