We would like to start creeping towards Madison with the spreadout of our rental locations, especially getting into Stoughton and McFarland since the properties are just a bit cheaper than Madison, but rental rates are getting higher and higher from the "Madison effect".

If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.

What strategies did you find most effective?

I'm actually from the Bay City area, just wasn't an option to select. 

But keep in mind that you are not able to market or select only tenants that do or do not have a voucher.

Taking over the property subject-to (Subto) the existing mortgage is an advanced tactic and can be highly effective when cash flow or equity potential is strong.

How often to you do the inspections during the lease, I agree with you that setting the boundaries and effective communication are key!

For beginners, it removes the pressure of meeting strict income requirements, and for experienced investors, it provides the ability to scale their portfolio more easily.How to Use DSCR Loans Effectively in Real Estate InvestingTo make the most of a DSCR loan, it's important to choose properties with strong rental income potential.

More effectively monetizing each of your transactions is not only smart but may be a necessity in the post-NAR Settlement era.

This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.