Triplexes are going to be harder to find but I’m of the mind that you should go as big and expensive as possible since debt is cheap and you are (assuming) a dual income high earning household. 

We invested approximately $500,000 to renovate the building into six residential condominiums and two retail condominiums including an award winning bar/restaurant and an Italian-style coffee shop.

My husband and I have four children in the house from 1yr to 17, house hacking isn’t really something we can or are willing to do with our household size. 

What are limitations on total amount of pets with in the household?

Are there any other single income households that have overcome these hurdles?

The Days on Market (DOM) figure for single-family homes fell from 51 to 26;Total property sales rose 9.2 percent with 12,036 units sold;Total dollar volume increased 26.7 percent to $4.3 billion;The single-family average price increased 14.0 percent to $380,233; The single-family median price rose 15.2 percent to $310,000; Single-family homes months of inventory registered a 1.9-months supply, down from 2.6 months year-over-year and below the national inventory of 2.6 months;On a year-to-date basis, single-family homes sales are running 17.4 percent ahead of 2020’s record pace.Townhome/condominium sales jumped 27.1 percent with the average price up 9.5 percent to $237,473 and the median price up 14.3 percent to $200,000;Single-family home rentals fell 10.2 percent with the average rent up 9.6 percent to $2,153; Townhome/condominium leases rose 1.8 percent with the average rent up 6.9 percent to $1,765.Source HAR

My wife and I relayed to him that we were interested in picking up an investment property and it just so happened that one of his clients was looking for a partner to purchase a condominium that was in foreclosure.

-Townhome/condominium sales jumped 27.1 percent with the average price up 9.5 percent to $237,473 and the median price up 14.3 percent to $200,000;-Single-family home rentals fell 10.2 percent with the average rent up 9.6 percent to $2,153; -Townhome/condominium leases rose 1.8 percent with the average rent up 6.9 percent to $1,765.

Being as the audience seems to be college students I'm sure referring them to DIY you tube videos on basic household maintenance would be a hit.

I'm newly married, so now with a dual income household and split expenses, I'm starting to feel more comfortable about taking a step into investing in real estate.My original goal was to always keep my current home and rent it out regardless of where I moved next, because I think we could make $200-300 per/mo. on it (not including maintenance/vacancy) - and when the mortgage wraps up, even better.We're not looking to move any time soon, so I think our next step will be to look for a duplex in 2022 - hopefully near Bay View but open to other Neighborhoods in the Milwaukee area.