When the plumber removed the cleanout cap, water started coming out.

I'm assuming that this situation wouldn't pass inspection, but one could argue that all the spaces the guests have access to (i.e. bedroom, bathroom) are safe and habitable + the guests wouldn't be exposed to the kitchen.Also, do the city inspectors inspect other parts of the home the guests won't access (i.e. inspectors check the basement for water infiltration even though no guests would ever be living or even going down there). 

As for how much I’d put down, it typically ranges from $0 to $100K, depending on what I’m bringing to the table or what my partners are contributing.

The biggest challenge continues to be affordability, as mortgage rates remain high and inventory remains tight in many regions.The 10-year Treasury yield has risen to 4.64%, which has kept mortgage rates elevated, currently hovering in the 6.5% to 7% range.

If you're in MKE, then you'll probably want to connect with @Shawn Ackerman.Do you a price range you're targeting and are you looking for a turn-key property or something along the lines of a "fixer upper"?

We are wanting to be as close to the water as possible. 

Title transfer fees range from $500–$2,000, and some states impose transfer taxes, though exemptions may apply.

Quote from @Vince Scipione: In my professional oppinion I feel as though the influx of agents joining the field since covid significantly watered down the quality in the industry.

Since rent range is pulling from property managers the data is cleaner, because so many self managed property investors market their property way too expensive and they will never get that rent, it is just hopes and dreams.

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.