As echoed by many, the Midwest, specifically Milwaukee continues to be a strong market for cash flow.  

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

Taxpayers should be aware of the criteria for this specific scenario.

Putting people in a position where they would need to sell or come up with an alternative strategy to pay off the mortgage balance prior to rebuilding. 

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.

Maybe pay a financial advisor for an hour of his time first in case there is an alternative that you have not seen yet?

And are there any specific permitting issues popping up post-storm?

Is there specific tool you like to use in order to manage your property in regards to rent collection, report maintenance issue etc.?

Assumed nothing could possibly go wrong in the next 5 years what you want when you look at an investment property is to know the current rental amounts, specific expense items, and conditions of the building, grounds, and mechanical systems.