There are many definitions that people refer to for flipping. Some refer to 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 an issue, particularly in flat or lagging real estate markets.
When we refer to flipping, we are talking about tying up properties cost effectively and then assigning (or flipping) them to another buyer for a speedy profit. When we refer to real estate wholesaling, we are basically talking about finding homes cost effectively and assigning them cost effectively to another investor or rehabber; thus the term wholesaling. For more details on lingo, when you transfer a property to another rehabber, this just means you are transferring the right to them to close on the property directly from the owner.
After you get a property under contract, you will have control. Then you can flip it to another investor at a larger price or for a flat fee so they can purchase it. They take your place in the option, then purchase the home, take care of rehabbing it and either keep it or sell it to someone else for full price. A real estate system like the one taught by Matthew Sorensen for real estate investing is a great no issue option to create quick profits using little or no money or other lending 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 option especially once you have a dependable program working for your business!