I saw a couple of your questions, and I'll try to address them as well as this one.
All markets are still selling as long as the pricing is correct. The bottom line is that price sells everything.
If you are buying cash at judicial sale for example, be aware that you'll have to get a killer deal to resell immediately without improvements on the MLS. Without exception, you are competing with REO's in every community.
As far as FSBO's go, haven't seen too many of these go at acceptable prices. Very rare. The seller would have to still have equity in this market and be willing to part with it at the worst time. Very uncommon.
Also, your other questions regarding seasoning may pose some complications with seasoning, appraisal, 90 flip rules, etc when it comes to the buyer's financing.
Now. All this negative commentary doesn't mean that you can't make money flipping, it's just hard and risky work. That said, you can mitigate the risk with the right strategy. My team and I have been studying the feasibility of developing affordable and sustainable housing, and see some opportunities for lowered risk and good profitability. You'll also be creating a product that improves the lives of other. Win, win, win.
I will say that flipping outright, without doing improvements is the riskiest of all strategies. Even though the economy is tough, there are lots of investors out there, desperate to get return on their cash, trying to do what you are. That makes for heavy competition.