I closed on a duplex in northern Ironbound earlier this spring at a cap rate of 7.5% (incl. of prop mgmt & capex reserves) but starting to look towards other neighborhoods, namely Upper Roseville.

Account Closed make sure to fix the legs to the ground with concrete. i had one stole in B type area. but that was before i fenced the back yard.

 What are some recommendations in making sure you effectively evaluate how much money it costs to repair a fixer-upper?

@Shirley Rozenshteyn I understand, it does seem like an upper scale area.

If you get a good one they will charge you a pretty penny for your first deals, but also expect that they may need to coach you a bit through the process before you find your legs.

Areas that are hot include Downtown, Bayview, Brookfield, Wauwatosa, the Lower Eastside to the Upper Eastside as well as north of UWM.

A guy across from me overpaid for a fixer upper ($1.3m). 

If I can manage to just get a fixer upper property with at least one other unit and a mortgage under 4k then I will be paying less than any of my neighbors, I'm optimistic that with 6 months to hunt around I'll be able to do even better than that.Sorry I don't have any solid numbers for you yet but that's the plan, house hacking seems like a really safe first step into the real estate biz because of how even if you're still left paying a little extra on the mortgage at least that going into a property you own instead of just disappearing.

It’s what makes me feel the problem is the price OR that simply the area is turning into an upper middle class area too fast for the people to keep up.

I'm assuming with you being a realtor for a while and working with investors, you would have the upper hand in getting investment properties right?