Jeff brought forth "The Linden Homestead Revival," negotiating the deal and identifying its potential.

This makes it easy to identify individuals you'd prefer to collaborate with and those you'd rather avoid.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

FOLLOW THE K.I.S.S method plan (keep it simple and stupid).Find and hire a real estate agent that understands multiple investment strategiesGet pre-approved - see what options you havebased on your pre approved price - identify an area you want to invest in that you can affordLeverage the agent to : bring you properties, assist in pulling comparables (you should know your comparables of the area you are looking in, this is for a second opinion) review and confirm your estimated rental income, assist you with acquiring the property, and have a list of resources you could use; contractors etc.Looks at properties and make offers that work for YOU.Also,Do not pull your IRA money out, leave it there and let it grow - leverage this to meet your lenders reserve requirements.Buy Multi family to holdBuy single family to fix and flip and produce more income to buy more multi families.

It took us approximately 9-months to turn this around from design / permitting to construction complete.After performing market research, I identified a lack of 3 bed 2 bath apartments in the market. 

All are reasonable options to identify how you meet the code when it is correctly applied.  

Great question Alyssa and good to be thinking through at this stage.As @Jason Taken mentioned above, it's important to first identify your goals.

For an upcoming turnover I have scheduled (current tenant moves out at end of June), I was able to identify, approve, and sign a new tenant within 1 week's time who will be taking over July 1st. 

Areas that have been good 30 or 50 years ago are still good today.One wildcard though.The city of MKE has initiated a projected called GrowMilwaukee, which is based on the majors vision to increase population (for fiscal reasons, more people per square mile) and they have identified the lack of midrise mixed use districts - they call it the "missing middle".