need help asap with house flip.................

I am living in a small town that is booming because of mining and oilfield work. There is nowhere to rent in this town and only 20 or so houses for sale. I know where I can buy a house for thirty to forty thousand below book. It needs cosmetic fixup and the bathroom is half way remolded.

Ok here is the problem. I quit my job so I have a ton of time on my hands and I have some money saved up. I am wondering should I try to buy this house on a short term contract(nine months or so) and flip it. Or should I be safe concidering I am applying for jobs in other towns/states.

The best thing would be with a partner but I dont have one.

I made a post earlier, but to my complete ignorance disregarded posting rules.

My answer (modified) is to consider your outs and suggest to put the property under contract to do your due diligence.

Anything else to this matter, seek out the answers throughout the forum.

Where is the property located?

Ed Bisquera