Actual Sheriff or Trustee sales are high risk for a one time buyer for certain. 

or a conventional/DSCR type 30 year fixed?

Currently, I'm diving into wholesaling as a way to generate revenue and build up the capital needed to take on my first fix-and-flip project.

As a second-year college student currently working part-time, I am exploring potential entry points into real estate such as wholesaling, real estate investment, and fix and flip.

Generally places with high cash flow on paper are cheap homes in not so great areas where you have higher turnover, damages and real cash flow is lower.

I have 80k that i can invest into a property The House is valued at about 900k he refinanced multiple times and he owes about 600k Mortgage is fixed at 3.4% for 30 more years Per month its at 3500 Right now 2nd floor is a two bedroom 1st floor is also a 2 bedroom.

You are not required to have any special license or anything to buy homes, fix them up, and then sell them.

The former provides a much lower return on equity but is simpler and easy to achieve over the long run.The latter is much more time consuming and risky, but provides high returns and a lot of tax advantages. 

The purchase price was $560,000, so I knew the costs would be high. 

I would say we actually priced that one on the high side.