Now, one can gamble and say "I think unincorporated enterprise does not mean SMLLC's". 

Its all been challenging and a new adventure.

Is it plausible in your market to find an investment or primary home were grants, FHA loans, can be leveraged to make the $5,000 stretch out, I do not have that answer, but some research surely can answer it for you Myself being new on the adventure of real estate, my advocacy is learning the market I want to continue to invest in, analyzing deals, and becoming an expert.

If you love risk and the idea of being cash poor gambling on the fact you won't need the money you can spend it all. 

Hey all, I have a construction and house upgrade background, but I am new to Kansas City Missouri and I'm starting out on the fun filled adventure of flipping and BRRRR'ing, also in Kansas City, Missouri I have funding and the time, but I don't have the tradesman contacts to really jump into the bigger aspects of home rehab.

(in other words there is a gamble to it).Will it bring more rent--probably not--unless it's dated (pink tile, 1950's sink, 1980's cabinets, etc...)Here are some pics of bathrooms from Apartment complexes.

It's absolutely a gamble to assume prices will go down and a costly gamble if you do not get in the market. 

On the other side, deals that are negative cash flow deals and your banking on appreciation are closer to gambling than I like. 

I am a get rich slow type of guy and dont gamble unless it's expendable money.

I DO want to use the equity in it to start my RE adventure.