In Milwaukee, look into networking groups like the Milwaukee Real Estate Investors Association (MKE REIA) lot's of different approaches covered including wholesaling and flips, or if you decide on buy and hold the Rental Property Association (RPA) of WI is great.

After reviewing your application, we’ve determined that we’re unable to move forward with the rental process at this time due to our screening criteria, which include credit-related factors.

If it’s a larger or commercial property, consider conducting an environmental check to assess potential risks like contamination or flooding.It’s also important to request a full property disclosure from the seller, which may include known issues or defects with the property.

In my mind, this would include budget tracking/management, CRM for vendors, links to outside service vendors/resources along with a project management tool. 

This didn't included interest payment just the principal which he borrowed.

To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

Additionally, the Georgia Attorney General's website includes information about mortgage foreclosures and might have resources for tracking auction outcomes.

Over time especially here in the Midwest with the expansion (summer) and contraction (winter) we get, things move including houses. 

Many lenders, including Wells Fargo, may consider it a due-on-sale clause, which could lead to them demanding full repayment of the loan.

I’ve had clients pay $100k for a sewer line though (commercial properties, complicated lines running under parking lots, sidewalks, landscaping and the bid includes replacing the landscaping too, etc. or requiring a permit from the city to close off the road for the day with traffic control, etc.).