Newbie to investment properties

[Aaron Arce]

Hey BP,

I have owned a home in Whidbey Island, WA, since 2006 and the market conditions for me has finally recovered due to me having to refi two times (2009 divorce and 2012 RIF from military). Needless to say, I think it can walk away with between $60-$70k.

I am looking to either buy a couple of condos near Disney (because I live in Orlando, FL). I have my real estate license here, and was looking at MLS this morning when I saw a condo that is down to the studs they want $60k under what RPR values the condo at.

My question is should I flip a condo or keep with my original thought with having rentals?

I like the rental because it is a good tax right off but that was because the house in WA has only become semi-profitable, generating $79 a month after management fees.