Commissions are negotiated and can be more or less depending on your office policy.Or, again with your managing broker's permission, tell the seller you know several investors that might be interested and get a listing... maybe a limited listing instead of a contract to buy it yourself... maybe as a transaction broker so you're just helping the buyer and seller consummate the sale (not representing either party as a fiduciary) and charge a commission instead of a wholesale fee.Just spit-balling ideas for you, but check with your managing broker to structure something that does work for all of you.

Then the difference between your cash flow with both sides rented and your cash flow with you living in one side is the cost of your own housing.Assuming that's the rent for both sides, you're in the right ball park. 

For our first flip we are considering buying a home around 100k ball park, so we'd each have to get a loan of around 20k?

For more perspective though I'll pass the ball to @Dawn Anastasi and @Brie Schmidt who are far more the experts on Milwaukee specifically than I am. 

I don't make a bunch of low ball offers on retail deals, I find DESPERATE sellers who are selling at a huge discount.Good Luck,Mike

There are alot of private lender hedgefunds bear sterns etc that have invested over the last 13 years or so in sub prime and thet dont plan on loseing as far as the banks bailing people out i just dont beleve it thats a smoke screen to make the look sincere what they do is take there down payment and home and get the next guy in and take theres to if they dont man up and pay for it its not something for nothing in this but anymore you almost have to have a degree in economics to understand it confusion is there trick of the trade every business has them theres no crystal ball that says you will have your business/job/same income for the next 30years there finacials change and credit only the strong servive there is psychology within life/money please dont get me wrong a mortgage can work for you if you understand the loan witch is 2 inches thick and only a 3 day recision period but statistics say that you will refi every 5- 10 years need a new car college tuition new born etc and many many other things happen funeral and you need to consolidate and back to 30 years again they have all or most of the angles figured out or at least the important ones what you like is your fault .

That combination started a ball rolling.

ummmmm my magic 8 ball says "ASK AGAIN LATER"

Have a ball finding that again.

Low ball offers are not what works.