You can buy a house that need lots of work that's another way, do as much work as possible be the project manager how ever you can help to save money .BIG pockets can jump in on a MLS ride it out .

Is it better than your alternative uses for your money?

NO THE ASSIGNMENT FEE IS NOT YOUR MONEY.

@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it. 

For example, in Michigan those additional expenses would include revenue stamps owing for two closings. 

Best of luck with your flip, go make some money!

I'm currently a college student, so I don't make a lot of money.

I owe my lender about 8k. 

Had to spend additional money to get everything fixed.  

Grad students are calmer, quieter, more focused, usually a bit more money.