There are wood floors in the bedroom and living room that I will be refinishing.This unit is rented close to the top of the rent range, although not as high as some due to its location on the edge of a desirable neighborhood and some outdated (although in good condition) finishes such as cabinets and countertops, laminate kitchen floor.

Most of the small firms are family oriented and no desire to bing in someone.  

Of course, there are small things that can make the property much more desirable to potential buyers without spending a fortune.

Are you in a market that was already"hot" and desirable?

My desire is to slowly build wealth through building a track record of credibility with the best players in the market (Be they investors, financiers, Lawyers, CPAs, etc.).I would like to hear from more seasoned investors on the importance of building a network for the long-term.

Quick lesson on Band of Investment Cap Rate:LTV x Interest rate = Debt Cost+Equity x Equity Yield Desired = Equity ReturnDerived Cap RateExample:(80%LTV) x (4.0% Interest Rate) =            3.20%+ (plus)(20%equity) x (10% Desired Yield) =         2.00%Cap rate need to achieve above =             5.20%Hope that helps.

This site is a gold mine to get you where your heart desires in RE.

Or, a triplex, in a much less desirable area, but with a cash flow of nearly $550 per month (50% rule). 

I definitely understand the desire to be free from stuff.

Furthermore, if I find a flip but it is not in your desired location then that leads to even more frustration.