And @John Kent had a good idea, too, to try to conserve  as much cash as possible so you can use that as a down payment on a straight rental property.

There is a renter culture due to so many people moving her from somewhere else that its possible to get tenants that enjoy renting rather than renting just because they can't afford to buy.  

You could also possibly take the property "Subject to the existing mortgage' if it has any loan on it already.  

This plan assumes that I stop at the 10 year mark and immediately begin paying everything down as quickly as possible to then live off the rental income and help my future wife's dream of owning her own restaurant come true.

Just do as much due diligence as possible.

I'm trying to network as much as possible with like minded investors in the area, so let me know if you ever have any questions and/or would like to meet up to see if we can help each other out!

Right now, with Deutsche bank possibly blowing up and an election looming and now going into the holidays, it might not be the best time to throw a lot of money into flipping.

Thanks for possibly opening up my mind to other areas.  

The extra carrying costs and high rates will suck out any profit you possibly will have.

At the very least, this tenant is possibly on drugs and I think she's sort of a "risk" for trashing her own house before she leaves if she's unhappy about being forced out.