The property also comes with 7 acres that the airport told me i could improve with their permission.

This negative initial cash flow improves quickly.  

But for an OOS investor one consideration is access to support, first of all PM & contractors, and you have more choices in the much larger Milwaukee metro area than in a smaller submarket.

It usually starts with a thorough walkthrough of the property to list all repairs and improvements.  

Many investors get their license for access to MLS and/or to save money on real estate commissions when they buy & sell.It's a good strategy, but only if you are doing VOLUME!

Don't get me wrong, there are plenty of terrible landlords out there, but deciding that you are victim of life's circumstances certainly won't improve your situation. 

Consider the family who’ll eventually live there..maybe they’ll appreciate a second-floor deck accessible from a common hallway, where everyone can enjoy it, rather than limiting it to a single bedroom.

Since teak is a 25 year investment, also look for a secondary purpose or value to each property such as location, river access, future tourist area, etc.There were two lots, 36 and 23 that we bought together.Lot 23 is 32 acres and has 12 year old Teak/Mahogany on it. 

Improve the property2.

To improve your business going forward, it is important that you recognize how you created the problem.There are a portion of residents that if you give them an inch, they will take mile.