Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

I am researching my first deal in town (a foreclosure), and hoping to slowly but surely acquire properties for cash flow and retirement security. 

We as tenants had to acquire a shop vac and clean it ourselves, including dragging rugs full of filth and animal hair to the dumpsters.

Line of Credits (like HELOCS) allows access to a set amount of money up to a pre-determined limit and it is revolving.

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

I need to work on marketing and how to acquire better tenants.

Now you know, you need to send out 5,000 postcards to get those five deals..You will know the cost of acquiring a customer/property after all this..

Legal height 8ft.Had to add public access to electric disconnects as well.made me add two window in the basement too.Really just need to get an architect who is self certified.

If you can make a better return by using that cash on a different deal & you're in the "growth phase" most investors wouldn't buy it down because they would prioritize acquiring more properties over maximizing cash flow now.

I suggest focusing on properties that need cosmetic work in order to reduce overall risk, while keeping access to a good ARV.