I know of an investor that flips in Orlando 3/2 pool homes cash price 50-70 k
puts 15-20 k in to refurb and finaces through FHA makes 10-25 k per sale flips 10 per year

I know another investor that has 25 or so rental properties he will only buy a house if he can turn 15% a year on his money

if you have the cash to buy and you can provide your own financing then flips may be right for you
if you can get cheap money then rental may be the thing

it all depends on your money situation