Wells Fargo, US Bank, etc. has so many customers and different variations of lending that makes them more picky with the loans they lend...

My partner and I are working the inverse of that equation (with some variation).

@Chris Cozzens there are different variations of the 203k loan program...if the property didn't need much in repairs (less than $35K I believe) you could get the 'streamline' version of the loan.Like @Stephanie Irto said, this is an FHA loan and you could put as little as 3.5% down since you're owner occupying it.I'd look into it and see if it fits your needs!

Also, naturally the age, condition, finishes and amenities (pool, fenced yard, etc.) are a factor that will cause the rent variation you're seeing. 

In the past I have specialized in buy and hold but have done other variations as well.

I think a simple search on the internet would come up with other variations.  

If you want to know more about Milwaukee, or the variation in our market, feel free to PM me.

I know there are a lot of variations of notes out there and that due diligence is key is qualifying your buyer.

I think as we climb out of this recession we will see another variation of how corporations take advantage of the American people.  

(Variation on The Prayer of St.