Costs: 155k (working on lowering w/ closing costs included)HOA: 265 month (includes external maintenance, tennis and basketball courts, and poolRent: 550 (11x13) and 500 (11x11) according to comps + utilitiesProperty taxes: 1500/yrI have 110k in private student debt, but after putting a down of 17k - I won't have to pay for rent and my commute to work is greatly reduced.

Needs $27k of renovation work: electrical, plumbing, painting interiors & cabinets, fix external rails, add roof cap.

He has probably been doing it a while and when you are committed to something, it is sometimes hard to see external threats.

Some companies have similar clauses, with the company or its current shareholders having a first right of refusal, and then the exiting partner can sell to external investors interested. 

I have been assured that the contractor had not posted any external advertising signs and the house was in no way derelict. 

I am also attracted to Real Estate Investing because I can really be involved personally in this investment unlike other investments such as the stock market that have many external factors that you have no control over. 

Moderators tend to freak out and remove posts when external links are posted in the forums. 

As for Milwaukee, it's as diverse as I'm sure many cities are, with room for opportunity and a lot going on externally and internally which is generating a lot of hype.

@Dennis M.Agree about the external lighting on front and back doors. 

Generally, they are going to look at the total DSCR on the property, including the external financing, in addition to the "subject" debt DSCR.