Hello and thank you for your contributions to BP.I’ve been immersed in the BP podcast while going to college studying civil engineering, and I can either do an engineering internship this summer, or shadow an investor.My long term goal is renting and holding mobile home parks and mini storage units, but I’d like to flip some smaller properties to get started.

However, if one could pick it up for say 10 cents on the dollar, could be a gamble willing to take.  

But isnt that more of a speculation/gamble as opposed to tangible money?

It's a little bit of a gamble, but if it's a relatively small volume then you have more possibilities.Is there anything stupid about this strategy?

One thing I'm not sure of is location in this case, I suppose I could either look in a well established area and expect equity to increase through remodeling or in a less desirable area that I'm gambling will attract more attention in the future.

Playing the appreciation game can be like gambling, and if your house is really cash flowing well after all of your expenses and your mortgage payment I'm not sure if it makes sense to sell. 

Before doing so I have been thinking about getting my RE license to assist with deals and immerse myself the market.

If its negative cash flowing NOW and you don't have a ton of reserves to cover yourself long term for the HOPE/GAMBLE of the appreciation play, then its time to sell, cut your losses and move on

Since that time, I've immersed myself in everything I could find about becoming a real estate investor, which led me to the BiggerPockets podcast.

Some times it can work and the gamble pays off, unfortunately it usually does not.The numbers starting out look good enough to try you only lacked the experience to succeed.My advice would be to stay away from real estate.