People are now locating their properties and trying to find people to manage or even if they have tenants, who is paying, who is not and finding the homes to be in sub par condition.

Adjust depending on state of home and local market conditions. 

Price will be reduced to 1800 for the time being, which is competitive it seems with nearby properties based on the time of year.Fingers crossed!

Depending on how bad the conditions are, accrued pref may never be paid out and original contribution may not be returned in full.If pref equity's original capital contribution is not returned in full, common equity is in even worse shape.

I feel the Milwaukee market is getting more competitive every year.

This is because value-add properties, especially those built in the 1960s to 1980s, typically take a couple of years to stabilize, particularly in today’s market conditions.

The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.

Local market economic conditions. 

If so, that's your prime market to start in because you have a competitive advantage of boots on the ground you trust of personal knowledge.If I were you, and new, I would not do fixers, I would buy turnkey or rent-ready properties or you are going to have to trust a whole lot more people to do what you want to be done.

Pricelabs for MTR competitive intelligence.