I think your first move should be to get your financial situation a little more stable, which should be fairly easy for a college educated individual in this economy.

i find the service folks with families to be a bit more stable and return the homes in better shape than the single folks but that of course is not a universal there is always an exception to that. 

During a flip all else must be relegated to the back shelf.

The summary is that they get to make an 8-14% return over the long run in a very stable real estate market without having to do ANY active management and get the benefits of top notch management over their investment.We get to make the same return in dollars which will come in at about $80-120 per hour based on the current units we own/manage.Dan Dietz

I've experienced my fair share of bumps in the road, but I learned A TON along the way and things are stable now.

Any tips to starting out would be appreciated, got a stable job even though I've only been in it for 3 months and enough for a down payment.

One thing that also needs to be considered in the mix is that there's a ton of money from abroad that's come in to invest, as the US is considered a stable place to park money.

My fear is that I'll have to rip up the house and repipe the place when right now it's pulling me in good cash flow and has stable tenants. 

I was thinking of buying it and making some improvements to attract more stable tenants.

Does it have high turnover, constant late payments, nice and stable?