If you can't do the rehab or have the money to do the rehab, you are going to lose your shirt on this deal by paying all of those holding costs. 

People don't sue people that qualify for food stamps.

If they press me for reasons, "For more info, please mail a self-addressed, stamped envelope to PO Box 123, Anywhere Town USA. 

Good properties in great neighborhoods will make you money without potentially losing your shirt in the process.

Obviously it is a good problem to have but I know if I am not smart about this I can lose my shirt.

The city is requiring an architect’s stamp of approval on the existing expansion plan.

I do have the list/envelopes/stamps ready.

I also launched a customized T-shirt company and that has taught me much in the way of product development, managing operating costs and expenses as well as marketing, profit margins and other cool things you're not taught in school.

There are plenty of people who do well in flipping, but there are a few reasons why this might not be the best option for you at the moment:- You can lose your shirt if you don't know what you're doing- You'll need enough capital to both buy the house and also fix it up- The market is starting to soften, so flips may not be as easy to sell as they would be in a very strong marketIf your goal is to start off with one property in 2019, one great option for you might be to combine the concepts of flipping and house-hacking. 

Below is how you can buy $50 worth of stamps/envelopes/paper, 3 hours of labor, and simply get started.