Take your time, remember the tortoise and the hare story.I would start of by renting your parents house and see if you like being a landlord for 1 year. 

I will probably just go the route of the tortoise as opposed to the hare and continue saving up until I can locate a property that I just can't pass up. 

Landlording is the "tortoise" way to wealth and flipping is the "hare".

Remember the tortoise ,and the Hare.

Outdoor features include Mediterranean-inspired landscaping, an entry courtyard with water features, an infinity-edge swimming pool, a putting green, a fire pit, and a built-in barbeque with bar seating.

It's not exciting but it's the turtle(Tortoise and the Hare). 

Tortoise vs the hare. 

Purchase price: $173,000 Cash invested: $50,000 Sale price: $278,000 Cute Mediterranean House in Saint Pete Florida What made you interested in investing in this type of deal?

My dream is having foreign investments in Spain/Mediterranean, South America, Mexico etc but don't know how feasible or realistic that is.

@Calvin Lin Vegas builders were stuck in a mediterranean style of home for a couple of decades before finally expanding into alternatives like the style you show in the photo.