The San Jose does not come with a flip-flop wheelset or disc hubs, so fixing it would involve a new wheelset. If you have any interest in riding fixed off road, the San Jose would be a blast. If you are looking for something to get around town on and lay down some skids, its probably not what you want. Go to a bike store and have them help you find the right size and see if they have anything in your budget. If not, start shopping ebay or craigslist for something in your size and budget, or start reading and build your own. Its loads of fun.
-Rob.