A purchase agreement is a waste of time and energy and complicates the issue for Harry Homeowner.This is not a beginner strategy as there are federal laws concerning approaching debtors who have been given a notice of foreclosure.

Smarter strategy would be to secure the property and start in 2025.

What types of properties/strategies are you looking into for your first deal?

Milwaukee has a lot of old neighborhoods, so any form of rehab-driven strategy has plenty of opportunity.

Is there any project management software you recommend that aligns well with the BRRRR strategy?

I’ve seen a couple of the local guys switch their strategy to one- and two-beds.

The BRRRR method and house flipping are both fantastic strategies, especially if you're resourceful and willing to put in the work.If you’re working with limited capital, partnering with others or exploring creative financing options like private money lenders or seller financing might be worth considering.

Lots of options work here and I have focused on the BRRRR strategy. 

The MTR (midterm rental) strategy accommodates for people looking for 30+ day stays.I think you have a solid location with two stadiums nearby, now it's just a matter of tapping into the demographic/market for people looking for housing.

It’s all about putting in the effort to learn and apply the strategies.