Very similar to NE is SE, and I was told to stay away from SW. 

Background: investing in SE Wisconsin.

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

Here’s a link to details: http://www.loopnet.com/Listing/815-9th-Ave-SE-Rochester-MN/8804533/.

Traveling to SE from NYC is inexpensive compare to Midwest or West coast. 

My SE Hispanic submarket properties are 1-5% vacantMy SE black american submarket properties are 10-20% vacant depending on the property.

It's actually always ordinary income subject to SE tax regardless of how long its held. 

I am finishing my basement and need additional outlets, fixtures and se grounding.

My wife is an agent in SE Idaho and usually keeps pretty busy during winter as well. there are less homes for sell but there are still buyers looking.

We've heard of seller financing but we would not know how to find that per se besides just asking each seller.One other idea we've been wondering about is neither of us has a RE license, and we've been looking into it.