Hanging around people that are actively doing it definitely helps. 

Definitely get multiple bids both for cost comparison and rehab approach comparison.

Suburbs different story, but have definitely had more crime issues in Cleveland than Lorain over the years. 

MTR is our play there.Vegas can definitely be a tight market for flipping, with competition driving up prices and squeezing margins.

Keeping your budget under $400K is reasonable, but definitely run the numbers on both rental scenarios to make sure each cash flows.

It's impossible to give a definitive answer on whether you should sell or keep the property without the address and further details but based on the photos alone what I would first suggest is an amenity analysis.

For this one, I'd say a fix/flip is definitely the "easier" way of getting into the game vs. new build but it still has its pros/cons.

The house definitely looks like no one lives in it.

I like the discussion though, it's definitely good as I think about my younger children and how to get them involved/interested in real estate.

Would definitely suggest tapping into some groups that can offer you guidance and resources as you start this business.