It sounds like REIS has a pretty good setup especially as it pertains to evictions. 

city of Milwaukee has a large amount of regulations pertaining tof rentals.

I would like to share some resources and ideas as it pertains to the Milwaukee market. 

I have set up a specific bank account, credit card, and tracking system for everything pertaining to that business account.  

Agreed Jeff Beard, that there are terms like "Redlining," which are illegal practices that pertain to lenders for not lending to people in a certain area.

Hey Stephanie, if you have never done this before, I would strongly urge you to consult a real estate attorney, because from some past dealings, it isn't just the sales agreement that is important, but all the disclaimers pertaining to abestos, earthquake zone, fire zone, landslide zone, visual inspection forms, smoke detectors etc etc, that shields you from liability and needs to be signed by both buyer and sellers.

On my end I have to get a better handle on last years new laws as they pertain to increases.

The guest talks about some things that pertain to your situation with regards to selling the property.

So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time to review it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at least X days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications & supporting tenant identification, income and asset information, any documents corresponding to any ongoing legal actions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bank statements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income and expenses.

Makes it easier for me to track transactions, accumulate funds for more properties, and to have funds for maintenance emergencies.Also, having it in a business account makes me treat it like a business and to not touch the funds it possesses, unless it pertaining to the business.