I read an artcile in The Economist not too long ago that mentioned how smaller towns like Jasper can offer stable rental demand if you play your cards right...

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

-Cash Back on debit card payments (THIS IS THE BEST)-Higher APY than is typical on checking accounts 

I have been cautious about raising rents as I try to maintain goodwill with the tenants.

You want this to be your backup plan if things take longer than anticipated, you do not want to dip into personal credit cards so i would use a heloc to help with down payment but try to keep a nice available balance on a heloc as your insurance policy. 

Let's talk to see if Milwaukee, WI and Raise the Standard Real Estate is a right fit for your goals.Beleza 

Be prepared to show a lease, some utility bill, or credit card statement showing you live somewhere else.

The challenges in real estate teach you invaluable lessons that you might not gain otherwise.I also invest in Chicago, so I have a few thoughts in response to the questions you raised.

@Tod DuBois couple of thoughts:1) If you're getting that many leads - raise your price!

Fund IV is raising 150 million in equity.