What would you do with 40-50k

[Arthur Fuller II]

I'm taking out a loan against my house to take care of some issues - but when I'm done with the necessary items I will be left with something between 40-50k.

My eventual desire is to have rentals but right now I want the fast nickle or the slow dime. I want to begin by flipping houses then as I build my cash (and pay off this new loan) I will build my rental portfolio.

So what do you suggest I do in 2017 - Keep in mind I live in Los Angeles. 

should I use the cash on hand on marketing here in the SoCal area and flip and wholesale? Or should I be looking out of state?