The question about "market correction" is the wale-song of those who just want things to go back how they were, well the problem with that is that in 2,000 years of real estate things have never 1 time "gone back to how they were", that is reality.

Since then, I've determined that I'm going to forgo the live-in property (not by choice, necessarily) and shoot for a pure investment property.With that said, I'm pretty flexible on my criteria in order to achieve the highest cashflow property possible.

Normally motivation for investing doesn't come from rappers but I think we could all learn something from what Rick Ross says just after the 3:50 mark in the song "Buy Back the Block" https://www.youtube.com/watch?

@Jeff Fruhwirth I may have missed this part in the story but did you have this apartment inspected before purchasing or did you forgo that part? 

They currently have 200+ episodes, so get some.Flip This Podcast by Steve Londeau -LinkAwesome Awesome Podcast, I mean the podcast starts with a kick *** rap song.

., it beats air fare and hotel for going out there yourself.

It costs nothing but you eventually get a feel for going prices and learn to recognize a good deal!

I visited there several years back and sang songs for several of the patients. 

That way, even if you don't use their cabinets, you at least have a jump point for going to another cabinet manufacturer.If you need help with the layout, and you can send me a scaled floor plan and some images, I would be happy to do a little hand sketch for you of a recommended layout :) No strings attached, I am just trying to network a bit here on BP as an experienced designer and a fairly new real estate investor.

So option 1 is buy a rough property and rehab it yourself, building equity through the rehab, and option 2 is buy from a turnkey provider, let them do the work and forgo the upfront equity.