@Christian Palacios if you are willing to work 18 hours a day and eat, breath and sleep RE then you are 1/2 way there.

I place a bunch of bait in the lot and use a 10 pump pellet gun to shoot whatever pests show up to eat the bait. 

As a child there were times that my mother didn't eat so that I would have enough. 

Remember this: Did you eat today?

And while he didn't leave a forwarding address, he left a huge mess, significant damage, and a $1300 unpaid water bill that I have to eat.

Believe me the odds are very heavily in the Python's favor to be able to squeeze the life out of you, and then to top if off eat you.

Even the best tenants will break things.Food for thought...If you are going to rent it out, your rehab numbers would be lower since you wouldn't be putting in the best finishes (for the same reasons as above).Doing a flip will kill you on taxes and eat into your profits due to the short term gains.

Cashing out would potentially mean eating capital taxes.

The holding costs alone on that big of the deal can eat your profit through winter. 

Transaction costs can eat up a lot of equity if you move n a year or two.