I guess that's what separates the wise investors from the novices - knowing when increase/decrease your growth mode.

Rehab costs are rolled into my loan (don’t need to seek financing elsewhere)Holding costs are decreased as its interest only during the rehabOnce the rehab is completed, instead of staying with the commercial loan, I refinance the rehabbed property with the conventional loan (as I still owner-occupy) which will Lock me into a lower -fixed interest rateAmortize the loan over 30 yearsCash flow…BOOM!!

Think about a temporary use to help you make the payments (like a driving range, or a dump, or temporary storage). 

I own 1 condo, which I bought with plan to turn it into rental later and buy another one to live in.I recently changed jobs and now I'm looking to move closer to work, in order to decrease my commute from 1h to 10-20mins.

You have only dropped the price 1%-2%; try dropping it a couple hundred dollars or decrease the move in expenses.

Another thing I noticed is that its population has decreased by about 8% since 2000. 

It could decrease one year, and go up the next.  

Would this ( https://www.calculator.net/ren... ) be a decent temporary fix until I get the pro membership to just practice finding deals?

If on the other hand, you don't like your current job and want to use real estate as a way to decrease your regular job, then a) try finding another job you like, b) buy some properties to either flip or rent. 

If I bought a property for 40k, ( purchase and rehab), and my Noi is 8k, my cap rate is 20%
Question?  If property value increases to 120k after 5 years, and my Noi is the same 8k, does my cap rate drop to 6 %?  Is c...