Milwaukee Rental Locations

[Benjamin Eccles]

This is for all of my seasoned Milwaukee area investors! I am brand new to real estate investing and am having trouble identifying the best neighborhoods or suburbs to find great deals on multifamily homes. I am currently living on Marquette's campus so everything within a mile is either the downtown area or very low income and very high crime rate (western and southern Milwaukee proper). What areas have others found the most success? I am not really looking to flip or whole sale, I feel that Milwaukee area has great cash flow potential I just can't find any properties with the numbers working. I am thinking of expanding into the first ring suburbs because I know there are some great neighborhoods but if any could point me in a more specific directing than just "outside of Milwaukee" I would really appreciate it! Another idea is to do student rentals, as they are high cash flow opportunities but I'm assuming a lot more management goes into those kinds of properties. It would be very convenient to be living within blocks of a rental and maybe it would be good to dive in head first to a possibly high maintenance situation to learn the ropes. Thanks for any help you can provide! - Ben