I am not sure where or how to start a pointed reply to this because it appears your fundamental "belief" of the market is radically different than the reality of it, so I have a thought that info may be "lost" until that foundational comprehension is first corrected. 

Run the numbers in detail then apply fundamentals such as location and future cash flow when you get ready to move out of the other unit. you need to view this as a long term hold and assess accordingly.

My question is a fundamental one: Is it a sound financial decision to purchase a live-in multi-family property in seemingly peak market conditions? 

Price point: $70-100KCAP: 9.0%+Rent/Price: 1.3+Cash on Cash Return: 15%+I am really interested in Dallas and Houston because of strong macro-economic fundamentals like job and population growth, but have heard that both markets 'are farther along the recovery cycle and that means home prices have rebounded to a point where cap rates are suppressed.'  

At least you get your rehab $ back or does the workshop fundamentals teach to finance the whole APV thus you get your rehab and equity back then rent?

You need to somehow know those market fundamentals to know whether you're getting a strong property or not.

I was debating on hiring either one of them to help my business, but unless I'm missing something, it seems the fundamental topic is not covered by them; I'm glad I didn't spend the money.

The fundamentals are not there. 

What we all need to keep in mind during this is our fundamental heuristic of loss aversion.

Receptionists are taught to toss before opening.Spend your marketing budget on training on fundamentals.