New investor looking to get started. Flip vs rent in the area?

[Mason Olah]

Hello, everyone. I've been living in the area for about 8 years now and I'd like to get into real estate investing soon. I really like the idea of rentals and the passive income but also think flipping could be a great way to raise some capital and, if successful, possibly turn it into a full-time gig and leave my 9-5 job. Ideally, I would like to do both. 

My question for you guys is what do you think of the local market in terms of flipping vs. renting? I have a realtor in St. Pete who says I can do very well flipping over there right now, but I've also been cautioned against investing in St. Pete (by a member here) that their permitting can be extremely slow and troublesome so I should stay clear of the area. 

Does anyone have any advice or guidance for me? Is flipping worthwhile here? Should I avoid St. Pete? 

I look forward to learning from everyone here!

Thanks in advance,

Mason

[Corey Donahue]

Mason, while permitting and code enforcement in St Pete proper are definitely challenging, you can still do well down there with the right deal. I would, however, recommend staying on your side of the bay for your first few so you can stay close and learn as much as possible. There is a lot of opportunity in eastern Hillsborough and in tampa. Let me know if I can help in some way.