It's pretty common.

Wanna know what they have in common?

You want to be priced under that number since the kitchen, bathrooms and common areas will be shared.

Yours is a common scenario.

In my area that is common so not sure on Wisconsin

Quote from @Lawrence Mitchell: I've read a few books on real estate and something the majority of them had in common was the BP community so I would like to see what it has to offerHey @Lawrence Mitchell, welcome to the BP Forum!

If you do your homework, follow your common sense formulas and use real rehab costs/expenses, there really is no such thing as a housing crisis. 

Too bad that BiggerPockets does not offer an LOL reaction. 

Hey Yinon assuming you're refinancing into a DSCR loan, which is the most common refi loan type for rental properties, it often doesn't require a tenant to be in place.

We have found places like USVI have their own standards that are common that may be very different than mainland.