The classical way of having no debt (although I'd argue that we never truly own homes due to property taxes, but that's another story)2. 

This looks like a classic scenario for a bridge loan, then refinancing into something more traditional with more favorable terms once the property is stabilized.You said you have a plan to make it cash flow, does that mean the property is vacant?

This leads to a classic error from first time buyers/investors.  

As a result he gave me the classic “throw a number at me” line.

Looks like classic BRRRR should work out.

@Yevgeniy Skripnikov definitely a classic - will move that higher on the reading list. thanks for the rec!

Go for classic finishes, pick material that is solid and won't fall apart or break and is durable over time. 

I told the salesperson what I was looking for and he suggested Wolf Classic cabinets.

Hi does anyone have experience with The Wolf Classic kitchen cabinets?

@William Kwan Here is my "starting up" collection:Read ideal-vs-desperate-investor (http://greeneincome.com/index.php/2018/10/29/ideal-vs-desperate-investor/)Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.