Starting with an owner-occupied duplex is a smart way to build equity and gain experience.

If you are married, put the debt for the family house in only one person's name.

Nothing attracts buyer leads like houses for sale.

Congrats on your first house-hacked rental.

You are renting a home and not just a house.

We manage 300+ units, I've flipped over 75+ houses in the past 3 years, and I currently own 28 long term rentals.   

I am not interested house-hacking.

Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

Do I just have to go by the actual numbers like revenue from last owner and taxes?

We would also have to close on the house first before being able to open a business account, correct?