Are you "flush" with cash?

@Art Maydan,you would drill a pilot whole, use a BIG screwdriver to drive the metal anchor flush with the wall (drywall + portion of the stud) (pray you hit the stud on center and NOT AT AN ANGLE), dump the screw that came with the anchor, buy a longer screw of same type+size, drive the longer screw trough the shelf bracket, trough the anchor, hear a snap sound, continue driving into the stud 'till done.pat your self on the back. now you have the rest of at least 2 per bracket...or you can use a bolt (pat your self on the back. now you have the rest of at least 2 per bracket...)please use a level!

My first thoughts are:-No exposed wood or painted surfaces on the exterior-Coax cable outlets in every bedroom and living area-LVT in the common areas and wet areas-Concrete porch and patio instead of using a wood deck-Upgraded toilets with large flush valves and high quality internals-No bifold closet doors-Basic cabinets and countertops-A step up from Contractor grade for faucets -Solid wood interior steps instead of carpetedWhat am I forgetting?

I'm agreeing with everyone here and I'll add a few more points:if you need us to validate your decision to quit your job, you're probably not there yetif people start asking you why you're still working when you're flush in cash, you're probably thereI don't know why this is the case, but I've found it to be true several times in my life.One flip and $55k cushion is probably not enough to get you through 2 bad years, or maybe even one, especially if you are not flying solo.

I know it's not really a fun piece of advice to say "learn" but it's far better to make no investment than the wrong investment (especially if you're not flush with cash reserves).  

From what you're saying (old coal town) it doesn't sound like the area is flush with cash but you never know.  

@Daniel Jarvis depends on your goals and how cash flush you are.

Car payments kill DTI when you are getting started and a lease is even worse, you don't even have rights to the "equity" in the car, it's like flushing money down the toilet.

We back flush the system 2-3 times a week (When we lived there, with tons of kids swimming, we did that maybe twice a month!)

There is also another side to the coin, you could see this in the housing collapse, once the market flushed out the owner who could not float a property in bad times, you seen the market hit a bottom as people just refused to sell or rent it for anything less, they would close the door and just keep it empty vs taking less.