This way, you can have a clearer understanding of what you want to do before making that initial investment.All the best!

That’s why I’m always refining my approach—whether it’s using alternative data sources, networking with local professionals, or adjusting how I reach out to owners. 

Reach out to Lisa Loesel at Short & Suite Management here in Milwaukee. 

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

Other than that, you will need to network with a lot of people to find seller finance deals.

i think this is a decision only you can make. im in a similar boat (house hacking my primary) and considering renting the whole thing out to get a solo home for myself. certainly a lot of appeal in that, given how much work goes into the house hack. but whether or not the numbers on cash flow align is up to you. personally i dont think $150 (seems like about 12%?)

I'd say the biggest landmine to watch out for is our property taxes.

What made you interested in investing in this type of deal?

Quote from @Brady Ascheman: Hi everyone, when meeting with my CPA recently I was instructed by here that if you obtain "Real Estate Professional Status" as per the IRS rules then your rental income become "active" instead of "passive" income in the eyes of the IRS.

Glad to have you as part of this community, Bryce!