Making extra cash on the side is always fun.

It's more conservative and while my rate may be higher and I will pay a little extra in interest over time I can still accelerate my payoff.

I also agree that you need to be finding ways of chasing projects that brokers aren't currently doing to identify good projects for your hard-earned cash.  

Average home prices in your area will also reflect your potential earnings as well as the agreement with your broker for your compensation % of commissions.

Considering the fact that it is already occupied and earning $2200 a month, my only other question that you didn't mention in your post is:- are you taking out a loan? 

It will potentially give you some extra freedom.  

Just remember that wholesaling and flipping are active income, which means time spent for dollars earned.

They might be a great avenue for you to learn from (while earning from)!  

If the banks can earn a greater spread on their assets they will be able to loosen their lending standards which would be positive for home prices.

I was in the Wholesale HVAC/R for 16 years tired of listening to stupid people earning damn Good money talking about flipping house's I figured if they can I definitely CAN ......Soooo I quit my job a few weeks ago and jumped in with both feet I gotta make this work because I have all my friends and family  thinking this is the dumbest stunt I've ever tried to pull off.