Most landlords in Milwaukee own less than 5 units and it is not a big focus in their lives, they are not on BP, they don't belong to the RPA etcIronically, for a couple bucks you can get a court-tested lease from Wisconsin Legal Blank or from the WRA.Court rulings like this also mean that it will make the market tighter for tenants as landlords are driven more and more into defensive strategies.

Currently on the lookout for reputable wholesalers specializing in single-family homes within the Cleveland, Ohio market.

I have a few ideas I would want to share about the Greater Cincinnati market and how there are multiple ways to go about investing here.

I am a real estate agent and investor based in Columbus, Ohio but also have done deals and investments in Cincinnati so I'm familiar with the market.

Long story short, 7%+ is just where the market is at right now. 

You would be looking at 25-30% down minimum In this market.

When I was working out numbers for seller financing, I got to the point of giving the owner $315,000 lump sum then taking over the loan at 2000/month however when you do ROI that means you'll get $800/month cashflow at best which is 800*12months for a total of 9600/year CF. if you do 9600/315,000 that means you get a ROI of 3%. which is not nearly as good as stock market. also 315,000 lump sum I do not have :( I need help.

ROE is good to calculate over time but in high appreciation markets like SD will sometimes be tough to swallow. 

Does anyone own or have specific experience in this market? 

Understanding the Lease Agreements: There is no lease agreement currently in place, and the tenant is paying about $400 lower then current market rent.