Milwaukee inventory has just been so low, that even very distressed properties sell to first-time home buyers without a significant discount, so in the end it's cheaper for me to buy properties that already have a new roof, windows, kitchen, HVAC etcI appreciate that insight and it makes perfect sense.

In a slow market homes sit and rot, they are on the MLS forever and the longer it sits, the lower the price goes to find the sweet spot for just the perfect buyer.

Your example highlights this perfectly.

Two things:First, it would be the ruin of a perfectly good country.  

Keep in mind that these offices love to charge you their premium package (€250-€350 and up) while usually, you will be perfectly capable of doing some tasks yourself, especially in the beginning when there are not that many things happening in the new SL.

Our mental model is to have enough that someone arriving late could put together a bare bones meal for dinner and have the essentials for breakfast before they head out to get actual groceries. 

Humidity is gloriously perfect.

So, you go over budget FAST.So, your Scope of Work (SOW) MUST be very specific as Mr Perez learned when contractor didn't put in new outlets.To "perfect" your SOW, suggest you walk the property with 3 contractors and ask them what needs to be done.

The places are kept clean and In perfect condition.  

@Tyler KeslingThe Heloc into the DSCR makes perfect sense.