There is a low inventory now and you might have more competition.  

No sense taking it now and having to do basic maintenance while you hold it until you can sell for a fraction of what is owed. 

Even in high traffic cities it can be tricky to keep occupancy over 85%, so you would have to be very competitive with your property to hit the 60% mark in my opinion where seasonality is so strong. 

There are facebook ads almost daily.The competition is fierce.

We did a lot of BRRRRs before, while the market still had inventory, Milwaukee has gotten so competitive that buying distressed makes typically not much sense at the moment and we buy basically move in ready properties.I would rank selling real estate before flipping, just a better return on your time and energy.

This will be a metric to watch as the year continues as one of the indicators for buyer competition.

Get pre-approved for a mortgage,  and be prepared for a competitive market.

If you haven't yet I would suggest looking at Furnished Finder and Zillow in the areas that you are considering in Northern VA to get a general sense of the competition. 

Colorado is a competitive market right now so studying certain areas and seeing where the best potentials are will help determining what you want to do. 

BuyJ Scott's book on rehab, it has samples, and most importantly, how to use it. hiring is only a fraction of what you need.