Joey,I may be echoing other investors' advice, but take it slow and do your homework.  

Due to this, the 203k loan may not be that great of a product for a live in flip.  

In my opinion I have found a tremendous benefit to working with someone else (as long as they are involved and being productive)1) having a partner gives you someone to bounce ideas off2) To me it's more motivating (ex, let's see who gets in front of more people this week)3) They can help finance your growth  with you.As long as you and your partner are motivated and skilled enough to succeed, you will do more than twice the amount of business that you would do alone, and make half of that.Hope this answers your question.

I am interested in purchasing a specific property which is in foreclosure.  The current owner says he went through chapter 13 bankruptcy years ago and was surprised to hear it was still in his name at the court house....

I will rather leave that to those specially trained and equipped to handle them, while I spend my time on the things that matter most to me….my family, friends and leisure: this is my target.Let’s talk about the investor briefly:According to http://www.investorwords.com/2630/investor.html#ixzz3lvQW5IZP, an investor is an individual who commits money to investment products with the expectation of financial returns.His primary objectives are the returns from his investment.

Fall/Winter is approaching, and that is the slow season for them, because most people don't want to do a big remodel over the holidays. 

This is training - not a sales video or a pitch of any product or service.  

I'm considering:- Industrial - Apparently this is where the smart money is going in my market, but I don't know the first thing about making a good play here- Health care - Pretty much recession proof but it's hard to compete with the REITs for quality product- Office - Terrible in my market, might be good in others- Restaurants/bars - Cap rates almost as low as residential for quality local tenants, and much lower for NNNsWhere are you guys seeing high cap rates and good outlooks?

"Attend your local REIA clubConnect with a decent local real estate investor agentBuild a decent real estate investing teamCory podcast regarding multifamily house hackingStudy Brandon Turner threads regarding house hacking My suggest would be ( 90 day plan ) :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-> 1st month review Askbp podcast at least twice( located under the " learn " tab )attend your local REIA club meetingssteady paying down your debt-> 2nd monthreview all weekly Podcasts at least once( located under the " learn " tab )attend local REIA club meetingsStart building your investing real estate teamDetermine your local areas for potential investingenjoy the holidayssteady paying down your debt-> 3rd month slow up on attending your local REIA club meetingsremove dead weight from your real estate investing teamStart taking actionenjoy the holidayssteady paying down your debt-> 4th through 12th monthsKeep taking actionSteady improve your real estate investing teamsteady paying down your debt

I don't think its correction will be sudden drop but more of a slow tapering as inventory is added and interest rates rise.