The owner also needs to save for big ticket items that may need to be replaced every 10 or 20 years such as AC, hot water heater, furnace, roof.  

Also it would be helpful to attend SoCTREIA's Women in R.E. meetings, check out their website.

@Brian Jackson @Becca F.Kansas City is definitely a hot spot for rental properties!

The seller must think he is sitting on a really hot property, or the buyer is asking for too long of a DD period.

Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

@Kishore Siva 100% go into their office and request a meeting to understand where they are in the review process, what questions they have, and outline a path to obtaining a permit.

In terms of material participation for cost seg I'm good there and meet the requirements. 

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

There are snakes under the hot tub.3. 

Are there any meet up groups in Seattle for "remote" investors?