What can I do with $140K cash?

[John K.]

Hi, 
I want to get into real estate but don't know how and where. I have a remote job living in Austin and $120K cash and $20K on my employer 401k. If you were me, what would you do? My goal is to work for myself and stop my 8-4 job at some point. I am willing to relocate to anywhere in the US. I think my best option is to relocate to a cheap market, buy land, build a cheap house, and sell and once I gain more experience I can come back to Austin. Another option is to buy foreclosures but then I am scared that I mess up since I don't have any experience. Another option is to flip a house. But like I said I am very confused about which route to go. What would you do? I am single and can save around $4000 each month.