Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

It doesn't sound like you visited the market, the PM, or the seller in these markets.

Hey Raymond, welcome to the Forums.Wishing you success in your real estate journey!

I'd say it depends on the local market, but it's very common to have at least a stove and refrigerator in a rental unit.

Look up Milwaukee real estate market on YouTube.  

This is going to be very market dependent, and property dependent. 

Definitely call up some operators in your area to get a better sense of the market. 

Hello, my name is Edwin, and I am seeking to connect with a real estate team as I embark on my new journey in the real estate industry.

I recommend that you work with an accountant that has experience with real estate taxation and partnership tax returns.