Specifically how volatile this area can be and the local opinion of short term rentals.Thanks in advance.Pat

CC are too volatile, short-term, and expensive to be used that way.

In the next 6 months, we should know if there will be stability or if volatility should remain.

Milwaukee has historically been boring (read: less volatile) than many of the hot markets and is seeing currently an unpresidented economic boom - certainly strong on the south side, but not limited to.Do yourself a favor and stay clear of cheap properties; as nice as the year one cashflow looks, the numbers don't work on a long term scale.

@Marcia Kreifels I would put Tosa (and maybe even parts of Washington Heights) way before River West; in my opinion it is overvalued (I am seeing duplexes reach well into the 300s and even break the 400k mark) while exhibiting an very large price volatility. 

Rates are super volatile right now and are increasing, which means the longer you wait the more likely you will be priced out of your budget (since as rates go up , the more it costs to borrow money). 

Land has long been recognized as a safe-haven asset due to its tangible nature and limited correlation with stock markets. Its ability to generate a steady stream of income makes it an attractive choice for those seek...

We're typically very insulated to recession, so there's some comfort when investing here during more volatile times.

This is telling you that they are both volatile personality types and tend to let things escalate rather than being calm and rational, which could come across in their dealings with you.If you are in a higher end market or have other less drama prone choices in tenants I would pass.  

Larger Volume/Less Volatile.