That's not cashflow, that's raising investor capital to return investor capital and charging a fee in between.2) Claiming a low basis of $132k/unit while loading the deal with so many fees and reserves needed to make it not an immediate foreclosure, that the all-in basis is actually $193,952.

Since then, I have been an Army Reserve Officer and command a seafaring logistics unit out of the port of Tampa with over 12 years of service.  

Work on saving money and have enough for the down payment, reserves, and closing costs. 

That is a good place to confirm what can and what can not go in there.What business is in there now?

Also, after you get the license, you have to re-confirm your residency is still Fulton County each year. 

Hey Jalen, can't speak specifically to MKE though I'm just below the state line in Chicago and can confirm there are ample 2-4-unit properties in the area in need of renovating.One trick with BRRRR investing is to pay a large down payment (30%+) to boost monthly cash flow.

It is good to underestimate your occupancy numbers and have cash reserves to weather storms.

Escrow and reserves is $440 a month, I was thinking of offering payments of $1k a month and 5% interest for the 5-10 year loan term?

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.

Can't speak to their terms, but can confirm they do 2nd lien helocs on investment properties.