Best Path Forwards

[Chris Armstrong]

Hello,

I have a general question about the best way to move forward with the resources that I currently have. I am split between two paths and possibly some of you seasoned people have made this decision already in your journey. One route could potentially take much much longer than the other, any comments about experiences are appreciated.  

I have about $40k in cash and I have access to another $45K in 401K (last resort). 

I would like to know if it would be a better route to start out buying a rental property and establish one passive income source and channel that money into flipping houses or should I start by first flipping houses to build money for rental properties?

My long term goal is to own enough rental properties to generate a sufficient passive income stream to equal the amount of liabilities I have, then grown the portfolio of rental properties.