It’s a great market for long-term appreciation and growth, but it will be harder to achieve cash flow compared with how the Midland home is structured.

This opportunity aligned perfectly with our investment strategy of acquiring homes with untapped potential, enabling us to achieve a solid return on investment through smart renovations and quick resale.

Looking at a property built in the 1980s that the seller says is a 2/1 1606 square feet but all data bases I look at (Zillow, MLS, Propstream) show it as a 1/1 1070 square feet. 

What are you hoping to achieve with your investment property?

Chart is from FINRA data on their Margin Statistics page. 

As a local team lead focused on investment real estate, we often start by analyzing comparable properties and historical data to get a baseline for expenses.

@Alex U.W2 and REP status is almost impossible to achieve.

For example (all data YoY)Wisconsin 6.01%West Allis: 1%Wauwatosa: 11.9%Shorewood: 13%City of Milwaukee: 11%West Allis stands out, because it has been the HOTTEST market last year, so looks like it's consolidating this year.The April lunch&learn for the RPA will be about Milwaukee rent growth and increases.

(BTW, that agreed on price should be the main data point in value).Even in a commercial appraisal, applying a cap rate to determine value, +- a quarter percent, which is a perfectly reasonable delta amount, will swing those values dramatically.Like BPOs, appraisals also use terrible comps many times, especially when they are doing so blind with no set sales price set to achieve.

When investing OOS you need to know what you're trying to achieve through real estate and you need to source and develop a top tier core-4 team.