Had I been in your position, I would have conducted thorough online research to identify these comps and assessed their selling prices before engaging with a realtor.In selling your investment property on the MLS, it's important to take an active role in the sales process and not solely rely on the advice of others… If the realtor suggested a significantly lower sale price without providing satisfactory justification or demonstrating a commitment to achieving a fair market value, I would have promptly sought alternative representation.

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Happy that you decided to engage.

Engaging with seasoned professionals in your local community allows you to glean firsthand experiential knowledge, offering insights and lessons that may be unique to your area.

I'm not seeking to oversimplify or underestimate the complexities involved, but rather, I'm genuinely excited by the prospect of navigating and overcoming these challenges and starting a new career.I informed this person that I preferred to conduct my own research before engaging in further discussions.

Hi @Tony NguyenThis is true but also is going to have a a few contributing factors, such as the type of rental and how much you are engaged in running the property.It sounds like your research is specific to LTR properties which do have a cap.

For your main audience, travel nurses, a well-designed one-bedroom space with a larger living area could be ideal.

Per code, as-of-right, a building with a CMX-1 zone designation is permitted a maximum of two or three dwelling units (dependent on lot size) plus any applicable housing density bonus pursuant to section 14-702(7).

Hi, Shane,I work with Milwaukee County Housing Services as a Landlord Engagement Coordinator. 

The purchase price is very low, because it is currently an emty industrial building zoned single family, so it cannot be used as designed.