I don't know @Trey Read, this sounds like a classic case to form a good partnership as you guys already have completed successful projects together.

@Brandon Reinhardt  I see this back and forth of a classic OOS investor who buys something wanting the greatest return possible but then expects them to perform like they bought a rental in Cupertino LOL. get used to it... 550 renters anywhere in any big city are in constant turn over.. you ... but your right no need to reach for higher rent every month you stay vacant you lost ONE YEAR  to make it up.. not many realize what you realizeI think Jim is about as honest as anyone in the space describing the challenges in C D class rentals..

Which is classical consolidation.

Then consider the location; residents enjoy the party but HONESTLY don't like being locked in during the Magic City Classic.  

I have a friend who has had unreral returns and invests in nothing but classic cars.

I know, classic beginner's mistake, getting emotionally attached to a property.With the help of an independent inspector we touched up several details of the rehab work that were initially unsatisfactory.

I also am a big fan of what Account Closed just said as that is classic Rich Dad.

Most sellers (or their agents anyway) should know these rules and many are timing the sale for when a unit is vacant.Bit of an aside, but if you're looking to buy a 3 or 4 unit property with an FHA loan (classic house-hacker strategy), you'll want to have a good understanding of the FHA rules.

Hello,Ive been very interested in growing generational wealth and have started reading the classics, I.E Rich Dad, Poor Dad, and also a book about multi family investing from amazon.

In a desireable neighborhood for 211k, rehab will be 70k, ARV in the low 300s (which is high for Milwaukee) and rent will be 2k, so well below the classic 1%.