If you buy a geared bike, you can convert it by getting something like the DMR SS Kit (comes with a sprocket and spacers to go on your hub, well that's the cheaper option compared to buying a new hub etc.
If you just unbolt your derailleur / shifter and take it straight off as it is and keep everything, then it would be a matter of just putting it all back on.
If you plan to use your bike on the single track as well then you might consider keeping the gears on it, but if it's just for cruising around the streets and skate park etc then SS is just simpler, less to break and maintain, all the kids on BMXes seem to manage without the gears.
I tried it for a while on my bike, it was doable even for some trail riding / commuting etc, but you notice every little hill that's for sure, and bigger hills ended up giving me sore knees. Riding is funny though, if you know you have the option to shift into an easier gear it generally happens, if you don't have the option I guess the mental barrier isn't there and you kind of get used to it, probably pedal up something in one gear that you would have shifted down when you had the rest of the gears on the bike.