Or figure out some way that makes sense to bring property back to the level is should be.

At the national level I vote democrat.

The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).Even at this optimistic income level, I concluded that this deal was unlikely to succeed. 

They perform based on the level of stress put on them.If their stress and difficulty level is low, they put little into it.

Wait till you hear “ No “everyday for a good year then see how high your motivation level is . 

Only you know, what your risk tolerance level is .

its a bad time to be a buyer because prices are high and there is lots of competition, my last 3 flips (since Jan 1st 2017)  have been on market 10 days or less before an AO now is not a great time to buy, there are deals, but they are few and far between. 

Do both - go to the meetups and REIAs and find out what the buying level is (some buy at 70% ARV, some go even higher, some need to be at 60 or 65%), learn a target market (perhaps the zip code you live in) and start marketing to it.  

This wasn't levees breaking because of a storm surge and flooding homes that were well below sea level.

Because my income level is not at the lowest tax rate, it makes more sense to hold property under business entity.