The test was $85 and the license fee is prorated by where your birthday falls.

If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

Would like to ask you all for management companies referral s for Milwaukee area..If you've had a negative experience with a company please also share , so that  we do not fall prey to such companies. 

Creative financing is a great fall back for experienced investors, but a terrible way for people to try to learn the business.

@Saji IjiyemiMileage varies depending on your area... the biggest discounts and the most serious sellers tend to be in the Oct through Dec months.Contractors tend to be busiest Spring through early Fall.

There is always that period of a few sleepless nights when you first get started but it feels so good once it all falls into place.

My alternative is to check out the other SFH's he's auctioning, I'm sure there's several of those that would be worth the investment and fall within in my cash budget, but part of me really wants to jump into multi-family.

Renter's insurance liability is really for, let's say a guest falls and breaks a leg or something, the tenants renters insurance will cover that.

The house is very nice and is between Indy and Bloomington, IN which has been a very active market, but slowing down as we head into Fall.  

The housing stock that I get sent via two realtor MLS portals set up against my criteria has appears to have more potential for straight cashflow rental than true BRRR because the markets don't justify the investment in the homes i.e. you can sink money in but the rent levels dont change much and the value of the property is still limited by the local market. ...it's easy to fall into overdeveloping.