But make very sure to pay attention to your state and local occupancy taxes if any. 

Keep in mind that usually your higher cap properties bring on their own problems and require greater attention, but it depends on your investing strategy/style and what you are comfortable with.

Finally you need to pay more attention to your finances and budget with your wife based on your comment that it just built up so fast without realizing it.

Flip and take gains and reinvest?

I do not pay attention too much on podcast and books.

You have 180 days from the sale of the old property to reinvest your gain proceeds in an opportunity fund.

So I gained some property management experience from doing various tasks for them.

and would rather take on on a loser that to pay the same in capital gains.

Also, you will lose any homestead exemption tax advantage and your 121 gain exemption when/if you sell later as an owner occupied. 

After the inspection, the inspector found several items that needed immediate attention like drain pipe in crawl space was disconnected from house, new AC units were needed and a few more items that the seller actually agreed to repairing before closing.