Should I Rent Or Buy, Or Flip

[Mark Sternal]

Hello,

I am new here. Very happy to have found this site. Any replies will be sincerely appreciated!

Here's a snapshot of myself: I'm 41, male, recently divorced, my home was foreclosed after my ex lived in it for a year while we were separated. In the final judgement, the debt was forgiven. For over a year I have been renting. My lease is up in 15 days. I'm looking at house rentals between $1200-1500 mo. However, I've heard I can control a house with little or no money down via a quit-claim-deed. I'm wondering if there is a way I could find such a house, and move in while I renovate and sell it rather than rent. In which case, I understand I would cover the existing mortgage until it is sold. 

Again, very new to this, so any input is welcome.

Mark