Hey there I'm just getting into real estate investing and have been utilizing the bigger pockets tool kit to evaluate properties I stumbled across this property in my home state of Wisconsin, and I noticed in the description that it sounds like there are city requirements for the property and was curious what to expect with a property of this type.

Some geographic markets don't require or you can't find 1%-rule, others -- if more stagnant in population in income growth, and depending on property taxes and utility costs -- require 2%+ for likelihood of cash flow amidst rising interest rates, inflation, and workforce shortage/uneager labor.

Just read the description - almost every part of the house has been updated What was the outcome?

@Chris IvyI don't have any STRs that fit this description, but here are some ideas I would do if I were thinking about doing a remote setup:1. 

Maybe even put 'EV Enabled Home' in the title or description.

By working in different geographic areas you can help minimize this risk and will be able to exit those properties at different times for additional capital as macro or micro economic changes will have different impacts to different markets. 

Most OOS investors fail to realize that Detroit was geographically built for 2 million people, but currently has less than half that population.Some areas of the city, maybe 1/3, are coming back strong, another 1/3 is so-so and the last 1/3 is no mans land.How long you have sit on a piece of land before you can profit on it, depends on where you buy.

None require a license based on you description. 

@Junior Jaquet HernandezSee this thread containing longer description of an umbrella policy:https://www.biggerpockets.com/...

I suspect one of them is about adding a section (extra rooms, bathroom, extension to the basement) to the property (there is no description on the OPRA report, I plan to call the town to confirm).