That puts the law of supply and demand into overdrive.  

I recently heard a podcast episode on BiggerPockets () that talked about how there is frenzy with real estate buying due to low interest rates coupled by the fact that the mortgage forbearance is restricting supply to the market as potential sellers are holding on.

That's a clear indicator of supply and demand.

I would be the one finding and managing and doing all the work for the property and would like them to supply  the down payment and closing costs.

Trades people are in short supply in some places and they can charge a premium for their services. 

I’ve also enjoyed great returns and findings outside of MKE county; Sheboygan County and the Fox Valley.Some other food for thought, the shortage of supply is nation wide.

Earnest and option money: $1950Inspection: $600Closing costs: $9550 (including down payment)4th bedroom: $1500 (wall construction, door hung, baseboard trim, paint)Flooring and painting: ~$1700Refrigerator: $1100Furniture: $600 (one roommate also brought some things for the common areas)Miscellaneous Tools and house supplies: ~$8001 Month of Vacancy: $1363Total $ invested: ~$19,200 (rounding up)By the way, I highly highly recommend creating a separate bank account for each property you own.

Our local banks couldn't compete with the offer MFUSA was able to supply so that we can make payments that are affordable because we were looking for a longer duration.

Approx 6% YOY over previous decade-Months supply of inventory down to 0.8 (historical low)-SD Initial cash flow is poor but outstanding long term CF... 

I added some general property maintenance obligations,  such as keep and maintain the exterior of the dwelling, garage, all out buildings and component parts thereof clean and free of all foreign objects and substances, keep and maintain the driveway, sidewalks, walkways, porches, patios, garage floor and other surface areas clean and free of all foreign objects and substances, keep and maintain the roofs, gutters and downspouts clean and free of all foreign objects and substances, keep and maintain all plots of ground prepared for plants, including the plants grown in such plots, in an orderly, attractive, and healthy condition, keep and maintain all garage door remote controllers in good working order and, at the end of the lease, return all garage door remote controllers to Landlord, and supply and change the refrigerator water filter cartridge, if any, at least every six months or sooner if prompted to do so by the filter change indicator light on the refrigerator.