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.