How would you turn $200K into full time real estate investing job

[Ashley A.]

How would you turn $200K into a full time real estate investing career?  My idea is to start with fix and flips to generate cash flow and then eventually purchase buy and hold properties.  I like the idea of paying in cash instead of using a lender, but am I being too short sighted / cautious?  If I tie up all my cash, I can only work on one property at a time, however, going slow and steady may be a good idea since I am so new.  This is my new career and my only focus.  I look forward to hearing your thoughts and advice.