This is a classic example of the $40k house that looks good on paper but won't perform in reality.  

--------Something fun and somewhat random at the end: Tim Smith from Coldwell Banker is an agent who specializes on ultra luxury properties in CA - clients expect a promotional video to be produced for their 25 million dollar home and they are usually professionally produced, but this one blew it out of the water: its a music video based on the classic "teach me how to dougie" and went viral! 

Milwaukee is probably one of the better markets for cash flow and most local investors will agree that net $200 per door is probably realistic.The classic newbie mistake is to not understand capex, so it will be ignored (underestimated) for a few years and builds up quietly and unnoticed until the unassuming owner gets hit with a combination of large repairs and extended vacancies all at the same time.FHA loans have two problems - they are very unpopular with sellers due to the FHA inspection (part of the FHA appraisal) and the following repair requirements to the seller.

And since you cannot grow without scale and you cannot scale without growing, it becomes the classic case of which comes first.  

This is the sale of a participation interest in the First Mortgage secured by this classical late 19th century architecturally beautiful property making it a potential rental or fix and flip opportunity.

….I humbly ask for the guidance of the BP community in solving this classic "Whodunnit" mystery. 

The idea that COC always gets better as you put down less on an investment (classic leverage) generally holds true in a low interest rate environment, especially in the "artificially" low interest rate environment created by the Fed.

I have two SFR's where I keep the gaint garages for materials, another for classic cars.

. ;-) Just follow the money . . .Classic straw man argument, misrepresent what I said and then attack the misrepresentation (I get it, its easier).

yes that's classic route :-) but try to househack in singlefamily with multiple building instead, so one would have the best of the both world