I always thought that TK investments would be a nice entry point for a new investor who may just want to get their feet wet with a "cashflowing" property out of the gate. 

You may want to consider silicone based sealants as they work better in wet conditions. 

And a decent rain the next day most of the walls were bubbling and the drywall was still wet.

I'm looking to get my beak wet in the flipping business here in OC.

And wet bars & man caves. 

My advice: Utilize your primary residence financing while you are living in this great DMV market, get your feet wet being a landlord, AND THEN, if you feel like you are ready to jump in, start buying those very high management strenuous "cash flowing assets" and I promise you, you will wish you would have bought more primary residences in DC.Good luck buddy. 

The next stage in the matrix is called land development which consists of horizontal physical improvements like grading soil, installing wet and dry utilities, street improvements and flatwork (pouring streets and sidewalk, etc.). 

@Josh Milewski The experience is getting your feet wet and understanding the benefits of REI (there are many).

Looks like a great deal to get your feet wet!

I'm pretty wet behind the ear's when it comes to REI.