First thing you need to do before you make any decision sis spend the time necessary to educate yourself on finances, investing and income properties.

Get on top of this one before the Get out of hand with other crazy fees associated with Leasing our your property I don’t know where they would spend the money, as I’m sure they already charge a fee for processing the credit, gate fee, amenity fee etc...

I suggest spending some time looking into zoning, learn how to pull deeds and plats and familiarize  yourself with all the local offices that you will need to work with as a developer.

He is a bit higher than most investors like to spend (high side of mid-priced roofers) but I would highly recommend him. 

This is one area would I would spend money on because the kitchen will not be remodeled anytime soon.  

You are interested in real estate to get some place in your life, not spend it dealing with dishonest idiots.

Each dollar you spend takes $1.30 to earn. 

But I'm also okay spending the next year or two learning, networking and saving for the next market correction.Does anyone else resonate with the 'slow your role BP' MMM folks?

I wouldn't mind spending the time on rehab, and seeing as how I will be using a low down payment to owner occupy for a year I should have some reserve funds to do upgrades.

Mentally prepare yourself to spend another 10 to 20% repairing stuff that wasn't obvious at the beginning.