Any advice and recommendations are welcomed and if anyone has an idea of general price ranges would be appreciated.Keywords: Kenosha Wisconsin Racine Milwaukee Mold recommendation  

Varies by state, and my stays 50 bucks, others it's 100... you need a basic operating agreement as well.

Since you wanna work on building your passive income that means that you are looking to acquire rental properties where you will make a good return on your buck.

You can expect a couple hundred bucks in monthly cash flow on these typically (or less, depending on how you calculate expenses) but the neighborhoods are a bit rough.You can also look into getting a 20% down conventional loan and buying in a higher cash flow range.  

It's equivalent to your car breaking down and needing to being in the shop for a day and costing a few hundred bucks, happens all the time.Towing a car hurts of course, hopefully enough to cause a tenant to pay the rent the promised to pay, but it's not a death sentence, it's not kidnapping children and pets, it's just another fee and hassle to the tenant to motivate them to pay.

I increased the rent by 50 bucks.

Are their specific areas where we get the most bang for our buck for going a little more highend?

simply look were you live in Milwaukee.. and look at all those great 30's and 40s houses on the north side of town you can buy for under 100k but it would cost 400k to rebuild them.. in those areas building new just wont happen until things change demographically and if it does not pencil for you doubt you can sell it to any one else.. so the smaller project maybe what you do.. then at some point in the future where economics catch's up.. you demo the small improvements and go vertical.

In Milwaukee County, for example, between 100 and 200 probate cases are filed every month.

They have a much better metal bracket than the usual cheap blinds for a couple of bucks more.