Instead of blowing I would use it for real estate.You better learn how to swing a hammer.

Not too mention all the short sellers who made a fortune playing the swings this week...  

If you have plans and permits, you can engage them before you swing the first hammer and have them bid based on the specs of the plans.

Some people can swing two payments but not normally.  

That roadmap, as of right now, is outlined.Learn - Keep FTJ (Full Time Job)Books, podcasts, BP, peopleFTJ and PTJ options: Go back into being a residential handyman and contractorWholesale - Keep FTJRamp up Wholesaling, possibly until either quitting or finding a PTJ to offset Wholesaling goal - raise capital to flip laterPlataeu Wholesaling, ramp up Flipping while ramping down WholesalingPlataeu Flipping, ramp up Buy-and-HoldLong Term Goal: rental portfolio with extra capital to invest in othersMy motivation does include swinging hammers (I love the physical work), but I recognize that won't be where I need to put myself to make money past the short-term (and my body won't be able to do that forever).

They dont have the wide swings like the mainland, so does that help in that the risk is lower? 

  $1K for mechanicals is not a big enough swing to make a difference...just make sure you have LOTS of room in your deal for surprises.

I have been looking at buildings in Oakley, Norwood, Golf Manor and around UC.

You could put it in the market if you wanted to chase returns, but you have to be ready for some swings (kind of how the past week has gone).

You'll read some commentaries that the market is starting to swing back toward a more "balanced" market vs. being very much in favor of sellers, but values are continuing to rise, albeit maybe more slowly than in the past.