Purchase price: $360,000 Cash invested: $80,000 This was initially a fix and flip deal that turned BRRRR.

Our initial idea was to build-to-rent two 1,300 sqft homes on the additional tracts of land, but after speaking with lenders, the current interest rates made this unfeasible.

I try to spend a little more time initially on making sure the maintenance is up to par when I buy a property and I rarely have any maintenance issues.

I fully disclose the fee to all clients, include the original vendor invoice in their landlord portal, and make it abundantly clear to them what my mark up is both contractually and time of initial invoice.

I live in Illinois, if that factors into any decision on what my initial strategy should be. 

It doesn't preclude you from using the property as it was initially intended in the zone it was when you purchased it - as an owner-occupied sfr.

I initially signed up when this program first started so I am not sure how its done now.

I plan to renovate and rent this first property, then refinance and pull out my initial capital, and put that in a second, and so on.

Areas that have been good 30 or 50 years ago are still good today.One wildcard though.The city of MKE has initiated a projected called GrowMilwaukee, which is based on the majors vision to increase population (for fiscal reasons, more people per square mile) and they have identified the lack of midrise mixed use districts - they call it the "missing middle".

Is your wife prepared to come home to "her" granite countertops, the ones she pleaded with you for year after year before she finally got them, and find multiple chips in them?