I saw a very compelling presentation yesterday by Jason Roberts of REI Blueprint.

Our city is experiencing rapid growth and presenting excellent opportunities for investors.I would be delighted to connect and share insights about our current market and turnkey properties.

Inflation impacts both income and expenses, so to keep it simple, I'd use present day numbers.Most people can retire (live okay) on a $2 to $3 million dollar RE portfolio even with some remaining leverage, if you want to live a little nicer life style aim for 5-10 million.

Iso g this info you can better determine projected vacancy based on factors you can control on top of the fact that you could have other amenities or the best presentation that would help minimize vacancy.

Example: the famous $2,500 de-minimis safe harbor for deducting expenses that are normally depreciated comes, among other restrictions, with an anti-abuse paragraph.

Quote from @Paul De Luca: @Samuel Pavlovcik Recommended.

If there is no mortgage payment at present, escrow items are not added back in the above explanation.It's more nuanced than this and there are many exceptions/caveats, but this gives a high-level explanation. 

As a result, you will need to depreciate this expense over a period of time instead of deducting it in the same year.Because the amount exceeds $2,500, you cannot take advantage of the de minimis safe harbor.

.- Tax Incentives: Wisconsin offers various tax incentives for real estate investors, which can improve the overall return on investment.Overall, Milwaukee presents a mix of affordability, growth potential, and a strong rental market, making it an appealing choice for real estate investment.

Hi @Kathleen Park - Some of the best advice was provided above by @Paul De Luca...check the Chicago Residential Landlord Tenant Ordinace (LRTO).