The use of private lending and seller financing cannot be overstated in a situation where you don't clearly fit into the banking debt 'matrix' style of lending.Your situation is extremely common for new investors seeking financial independence. 

What style of investment ?

. - Indoor sprinkler plans with hydraulic calculations and manufacturer spec data sheets.

They increase their life style to use all their money and think it is your fault they can not afford to move to someplace similar.

My current dilemma concerns the quality vs. style vs. cost of the kitchen remodel. 

Master is a "loft" style and open on the second floor.

How much should we know about the physical aspect to real estate such as the structure, carpeting, walls, plumbing, style, etc. before investing?

We are out of state so we are using Property Management. 2 Bedroom, 1 bath, great storage, 1000 sq feet, could probably get it for $55,000.It's a 3rd floor unit in a development with maybe 10, apartment style, buildings. 

It was draining and not a sustainable life style.

You want to draw buyers in with materials that are neutral but ultimately in style.