Compare that property to the one you already have and see which one would be more fruitful. 

The fruits of 40 hours a week labor, every week, for your whole life.

If you do everything right and things don't work out, that's bad luck, but over time it'll bear way more fruit than someone who does bad work, gets lucky, and considers that a path to success. 

It is always good to diversify because you don't want to put all your eggs in one basket.

If you’re going after low hanging fruit..  

I wouldn't want all my eggs in the arbitrage basket. 

Just would be putting all your eggs in one basket.

A young Kobe stepped up, but found himself air balling back to back baskets.

I'm thinking of flipping low income homes, so as not to put all my eggs in one basket, renting them until they sell at the arp value and eventually be able to purchase a rental with only the profits I receive from the flips.. essentially having my original investment money back and operating off of profit . . . feedback??

Most who get into real estate investing (or operating) chase low hanging fruit from the tree, they don't really care to know why the tree is there, how it grew, how it produces the fruit, what direction the limbs will grow or to understand that everything comes from the roots.