However, I'm also very interested in getting involved with property flipping and even larger commercial properties down the road.

These high net worth individuals rarely have an issue paying 6% on a much larger sale, it's usually the person who doesn't recognize the value who has an issue.The bottom line is, find a good agent you connect with and that can bring value to bring on your team and pay the 6%.

He was with larger firms and now is on his own.

This would allow me to convert the existing dining room into a larger living/dining room since it's right off the kitchen.

The tax credit cannot be larger than the owner's annual federal income tax liability, after deductions, exemptions and other credits.PITI is currently $950 - PMI does suck and is 83 bucks a month, I've recently learned that my insurance was maybe a tad bit to high and I have since reduced it by $22/month but wont go into effect until 10/2017.

I would like to ask the tenants to vacate the unit for the month of may and offer them first dibs at the unit once the work is finished and let them know that there will be a large rent increase.

The larger countys should, but the smaller ones just don't have the sophistication.

I would like to eventually get into larger investments or partnerships.It's been great so far seeing so many different perspectives, so can't wait to continue the learning!

Do you think this is an appropriate way to get started or should i continue to save for a larger down payment and purchase a larger piece of property?

Sounds like it has upside potential on the rent, it is easier to manage units that are all the same, it's probably a matter of if you have the energy to self manage.