Plus I figure even if I plan to flip and it doesn't sell, I can rent it for a year with minimal cash flow and try again the following year but I have a couple other rentals that cashflow that can offset for a little while. 

There's nothing you can do to improve how the stock market behaves).Cons:Requires effort (stock market, you just buy some mutual funds on the web and then there's nothing else to do)Follow the IRS rules regarding prohibited transactions (when investing in the stock market, you have no opportunity to violate those rules). 

Thanks Adam the lease is based on the Wisconsin Realtors which states the Following:During the lease term, as a condition of Tenant's continuing right to use and occupy the Premises, Tenant agrees and promises, unless Landlord otherwise provides in writing, as follows:10.

I think your plan is great, as long as you follow through. 

At the meetings you go to try to meet other attendees and follow the general advice on this site by seeing how you can add value for them. 

Heck, I hired one of my staff while she was still on a walker following major surgery, and she's only 28.

The government has strict rules on rent to own and the irs has changed the game

Landlords who do not follow the law can be hit with fines and/or jail time.As always, don't trust the internet, seek professional advice.

Subject property + other colateral to secure loan... rehab with credit cards... sell or refi to payoff cardsHard Mondy rehab loan... expensive loan against purchase and rehab... followed by a refi.These are some ideas...

Follow Dave Ramsey baby steps (maybe this should be number one).