The city isn't for the faint of heart. 

Also if you have an agent friend who can help you access the MLS, that data is priceless, you can twist it n turn it to your hearts content.

So, I appreciate your advice and input and I will take it to heart.

If the numbers make sense I'd do it in a heart beat.

As they say in the old country: "If you have a soft heart, you'd better have a hard arse."

My spreadsheets say west allis, but my heart says bayview/upper east side.

@Michael Atkins I whole-heartedly recommend in person classes with Bo Goodson if you can get in it’s him.

As far as us having another Great Depression, I prefer not to dwell on things that haven't happened yet and might never happen because that is kind of pointless, but in my heart I don't feel we are headed there yet. 

That leaves $80k leftover after acquiring their house, no assets to their name, around $1900 PITI, and no property for their horses - meaning they will either need to sell their horses (break my mother’s heart) or pay board for their horses which generally costs between $400-$700per horse. ^ this plan could work.

We also have a heart for missions work and would love to help in other nations and volunteer locally for months at a time and pour into and give back to others.