@Vince PonathHard to say Vince but I'd very aggressively develop your soft skills and make sure you get exposure / experience related to this gap you've identified.I also don't often see the best fit for a first purchase as being something that requires a lot of time/work. 

With the gov't sequester and new base housing the Lawton rental market has really gone soft.

Since it looks like a slightly older property, I'd include a contingency factor for any hidden issues that you can't see until the rehab starts.Don't forget to include your holding and other soft costs - HML payment on this project would probably be over $2k/mo for example - how long would the rehab take?

I have been investing in B-more for over 40 years - my suggestion is to study the market, learn creative financing, make offers and look at 20-30 properties every month until you feel you understand -values - in Baltimore the values change from one block to another - understand that.comps, be sure you have access to comps and understand the real comparison financing - hard money - soft money - seller financing - delayed settlement - joint venturing -etc.contracts - what will you use a MAR 35 page contract or a skinny one page with one contingencyunderstand the auction business - learn how to use auctions to sell your dealsattend auctions - meet REAL INVESTORSmeet real investors (many of the attendees at REIA's are not pros and looking for help from each otherlearn to recognize BS from real good information - talk is cheap - KNOW-NOTHINGS like to talk - talk is is free, it makes them feel important!

After that the market started going soft around the country for land development and building was slowing down.I switched focus to investment properties.

had 10 acre awesome bass lake !!

However, the condo market is very soft, and it's way past my 45 day rule of ownership.

been on the market too long""But I am excited about this next house""Yeah, man, I still can't believe Tony Romo finished so soft again""Look at that squirrel"I could go on but I won't...

@Ricky Bass.

Hello Jake,Best wishes to you, and for you to reach your investment goals here on BP and in the great state of Michigan.If you should ever have any questions about how "Hard & Soft Money" can be leveraged to smooth and shorten the path to financial independence, please don't hesitate to contact me.