Decent little middle/working class area.

Currently in the middle of a 7 unit complex rehab.

I often hire the contractor that are reliable but bids in the middle of the spread, and I often have leases that probably have room for adjustments, but if my deals works for my own metrics at conservative metrics, I will do it.And slowly the market rose, and then very very steeply we entered a seller's market.

(Seller needs the equity out asap, so seller-financing is out)As for the deal itself:       Located a few towns over from me (but not far enough where management would be a hassle), right near the better part of the borough, near the middle school, very close to stores & very close to where new construction is being planned & the area is on an upswing.2 - 2 bedrooms (1150-1200/each)4 - 1 bedrooms (850-900/each)Going inside it this week, but from my walks around the outside, I'm ballparking about 100k in renoSeller asking for 200kTaxes as-is about 6500Seller states all zoning approvals & site-planning have been completed, only thing left to do is pull permits and put nails to woodAs of right now, my immediate plan would be to sit down w/ the commercial people at my lender's, assess my standing, and start all the other due diligence common with a typical, residential purchase.

We are currently in the middle of a flip.  

Much different with the middle of the road rentals. 

I am prepared to make my first purchase in a middling area rather than a spectacular one.

I'm also in Waukesha as it turns out, so if you want to meet for coffee sometime I'd totally be up for it- change of pace from the normal 68th and Wells...

During this investigation, I have yet to see a firm that targets the middle of the market with this housing type.

I'm actually in the middle of a big release so late nights for me until October.