If you plan to use this as a stepping stone, then your time and effort is part of your education and is well worth it.The good news is if you do keep it you can do a test run for 3 years before you would lose your capital gains exemption. 

But you also see it in the headlines now, like Detroit recently "dethroning" Miami as the highest appreciating market in the states:https://finance.yahoo.com/news/detroit-dethroned-miami-faste...

Today’s economic news…heck…economic news for the last several months seem to continually be “worse than expected”.

Now if the condos had a sports bar , I would be interested 

Gonna be a lot of "fake-news" on what this all means as retail sheeple-agents freak out over having to use there heads for more than a hat rack, and doing what they do, blame the market.... 

If you walked up to Michael Jordan and said, "I want to learn sports" he would walk away.

Amazing news.

Good news is rates are starting to trend down and property values are still growing.The cash out can serve two puposes it can help pay off some high interest credit cards and be used for a down payment. 

The builders website has indication that they have down affordable housing with the state before so that is hopefully good news from a code front. 

However, the good news is that there are other planning options available where you don't need a real estate license.