This money gets added onto the back of the loan kind of like a VA funding fee does. 

Assuming that your taxes and insurance are around $500 and your mortgage was $1,000 per month - even if you got a rate around 7-7.5% and had no money down I do nto see this property cashflowing.

I know it’s no longer legal to do wholesaling in SC but let’s say you have the money to buy the property and you can turn it around.

This could potentially meet your financial needs by itself as well as provide start up money to do flips or purchase buy and holds

If the deal goes south and you have next to zero money in the deal, selling a short sale or walking isn't as risky for you since you aren't losing much.

You should take a job for the education and not the money.

Quote from @Andy Sabisch: Will it help you sell more or get more money? 

If you have other money to grow your portfolio even with $107K left in the property then  hold the property. 

Invest your money in a better deal. 

Think about all the extra time trouble and cost it takes to turn an ordinary house into a vacation rental...just my two cents though...