Hey Jalen, can't speak specifically to MKE though I'm just below the state line in Chicago and can confirm there are ample 2-4-unit properties in the area in need of renovating.One trick with BRRRR investing is to pay a large down payment (30%+) to boost monthly cash flow.

I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

I considered taking the negative one one and allowing another existing property profit “balance out” the cash flow, but that feels like a bad move and would be better to sell  My ultimate goal is to build cash flow for FI, which I need more to do. 

Networking will boost your creative juices and motivation. 

These efforts significantly boosted the property's value, leading to a successful sale at What was the outcome?

I would say yes because it ultimately effects the borrowers DTI which raises or lowers their purchasing power 

But ultimately, mistakes and problems will come no matter how much learning you've done. 

It might be that the number doesn't even factor in interest if he gets a total price he would like.Remember to listen first and you will undoubtedly come up with creative solutions to take care of the sellers needs while ultimately getting the property you want.

So where does one begin if the ultimate goal is to become a financially free investor?

This will ultimately depend on the property being marked as rural or not on the appraisal report, and depending on the population density, the lender may or may not finance the property.