The access that a real estate license gives you will help you indefinitely.

Anyone directly buying property better have a plan to improve its value, atleast if you'd like to maximize your return.It's rediculus to me that people would take the risk to buy a property, not improve its value, and have there strategy rest entirely on it appreciating.That "strategy" is way more risky than the investor who focuses on multiple ways if adding value and increasing return (ex. negotiate lower than market aquisition, rehab property, manage right, prep and dispose at peak or hold indefinitely improving and increasing rents).

What is your exit strategy for this house (do you plan to live in it indefinitely or flip it in the near term)?

Anything not used in year one can be indefinitely carried forward and even indexed for inflation.

I will continue to expand my portfolio indefinitely and possibly into other markets.

Many short-term financing strategies won't work if you intend to hold the property indefinitely.  

From the pics, it looks unoccupied & in definite need of rehab. 

Stay plugged in, definitely helps the learning curve!

Also we're trying to stay conservative so that we don't end up using credit cards if at all possible.CapEx - This is indefinite up to the value of the home.

Need to make interest only payments indefinitely with balloon of initial investment plus 10% equity when property sells.