You can sell the property and hopefully break even, chalk this up as an educational experience, and try again.Next time, look for property with more wiggle room.

@Roberto Kattan-make sure you have your  financing  / loan pre approval completed  if you plan to  move  forward with purchasing a rental ....this  will  allow you to be prepared and also to be more educated on the  current  numbers  ( rate / cash to close / payment  etc ...) 

I discovered the BP podcasts while educating myself about financial literacy & the FIRE movement.

Hey Kareem -A solid first step is educating yourself through podcasts, books, and forums like BP.

You say you have the tools and education to start " flipping," as you say, but  what if it's harder than you think?

I see that there are a lot of real estate education programs out there?

Educating investors about market conditions is essential.

There are no fees to get in, usually has about 50 + strong, educational, forced networking, and overall a good vibe. 

You don't realize the full gravity when you are 20..But it would be less awkward for young people if it were a legal requirement to sign a prenup, just check the boxes you want, maybe even go through some education before. 

Add a very diversified economy here with banking, insurance, oil and gas, education, three medical schools, 3 law schools, life sciences, DFW airport, and so much more, it looks like the growth just goes on and on.As far as appreciation goes, that's always tough to predict.