He usually buys in C neighborhoods and has to do heavy rehab, but he's a construction guy that also runs his own property management company, so it's 2nd nature for him.

I am based in Seattle, but is licensed in Tx.You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% with FHA with a few exceptions.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

Still researching and taking a trip out there to drive the neighborhoods.

AI costs $.02 per property analyzed - so narrowing down in step 2 is there to keep the cost low and the list targeted.

Section 8 is best used as a risk mitigation tool for properties in super low income, high crime areas.

When I looked at prices recently they look like they've gone up quite a bit but I know they vary a lot depending on the neighborhood. 

You can find a lot of information about Milwaukee real estate on YouTube including the most of the neighborhoods and also house hacking.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Thus easy to manage and low Capex expenditures.     10.