Newbie looking to start in Milwaukee WI with Multi-family rentals

[Eric Matuszewski]

Hi Bigger Pockets, 

I am getting ready to pull the trigger on my first property. I am interested in starting with a owner occupied multi-family property (2 to 5 units) in the south suburbs of Milwaukee WI. This property will be my first acquisition, so I am interested to hear any advice you may be willing to give, on owner occupied rentals or the Milwaukee Area market. 

My current list of education items I am researching are: 

1) specifics of asset protection for this style of property. (I've been told this may vary based on local laws) 

2) Do's and Don'ts related to leases 

3) Best financing options for a buy and hold strategy. 

Thanks in advance for your wisdom. 

Cheers, 

Eric 

[Janel Martens]

Originally posted by @Jeremy Trad:

I would highly encourage you to take the landlord training provided by the City of Milwaukee. They provide a fantastic foundation for new or soon-to-be landlords.

My husband and I just took the Milwaukee landlord class Wednesday and I would HIGHLY recommend it. The best thing is that it's FREE. They bring in multiple people such as an inspector, police, etc. and provide local contacts to answer any questions you may have for Milwaukee.

We purchased our owner occupied duplex almost 2 years ago and are now looking to get our second multi-family home. We are working to determine our financing and finding a property.