Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

I think the math should scale (i.e. for ~$2M I should be getting >12 bedrooms minimum).Does anyone have experiencing owning investment properties near UofM central campus, and/or as a property manager, that can comment on how the rental market has been for the past decade plus (stability, concerns, etc.)? 

I was wondering if anyone was directly familiar with these areas and had any helpful information they could share or spare a few minutes to chat with me concerning these areas.Thank you very much!

Once they start having concern about the economy (or maybe a certain section), they will reduce the LTVs.

.✔ Remind the tenant about sanitation steps to prevent infestations.If the complaint is more about the rent increase, stay firm but professional:✔ “I understand your concerns and value you as a tenant.

Keep cash in hand to cover your period of concern.  1 year up to 5 years.4.  

@Erica King Sounds like this is more of a personal budgeting concern rather than a real estate one.

My background is in construction management, so once the work begins I'll be able to facilitate the construction in a timely fashion and oversee the work that needs to be done well, but my concern is actually getting started.I'd also like to make sure I know the root cause of the foundation failure and am not sure if that would be covered in the inspection or if I'd have to have an additional consultant come out and figure out what is going on.

We had Crestcore Management and they neglected the tenant so the tenant moved out because they weren't able to fix the heating concern in a timely manner.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.