Newbie Analysis Paralysis

[Brittney Housley]

I have been researching and trying to make a decision for WEEKS on how to get investing. 

I originally thought I wanted to flip, and while I think there is good money in this, I think a steady stream of rental income is the wiser decision for our family. there is a bug MAYBE in purchasing a condo to flip and then keep and rent (this would be less expensive to purchase and possibly give back a greater return in value). 

Background:

-just eliminated credit card debt. Still have student loans and cars and a mortgage. 
-we have probably a max of $70k equity we can take out for HELOC for options.
- we live in metro Denver, a crazy competitive and intense market. 
-would most likely use a conventional loan to purchase if a conventional can cover the cost of a flip or regular updated condo. 
-I’m 8 months pregnant and currently furloughed, effecting possibility of obtaining a conventional loan. I would need to wait till I have a full time again (if I even can, no one wants to hire a pregnant woman...)

What would do if you were me!!!! Wait, plan, timing, go for it. I am ok with all scenarios but just don’t know what the right decision is. 
Thank you!!!!