Really simple process to get a term sheet and no upfront fees except appraisal cost that is paid DIRECTLY to the appraisal company.

Quote from @Devin James: We're actively looking at new building plans for future buildsHere some things we're considering while balancing design, cost, and functionality.1) Cost to build – Simple rooflines, efficient use of space, and minimal wasted square footage.2) Functionality – Does the layout actually make sense for how people live?

-Being able to give your tenants the professional experience of timely responses, quick attention to maintenance, using the on-hand already vetted roster of vendors, providing a sense of formal hospitality and customer service... can be worth the management fees. - Staying compliant with various tenant laws and fair housing policies is also a big factor I hear a lot.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

When I used to be a Realtor, I ran comps manually using a simple spreadsheet I built. 

Quote from @Loren Souers: A simple spreadsheet would suffice.

This is a GRIND but that is the way forward in this environment IMO.Why this works is simple: You slow ramp to give time to build alot of skills needed to scale at the end of the 10th year you SHOULD have at least $3M portfolio assuming 3% appreciation that is $90K you are adding to your net worth EVERY single year guaranteed!

I spoke to another guy at a conference who used to build 1-3 units before doing commercial and he said he wishes he still did the single family because it generates a lot of cash and is pretty simple. 

Something basic and simple, shows a property, the numbers, the potential return, how to cash out investors, how to document taxable spending etc.  

It's not that I have zero cash, just not enough on hand to close the deal on my own.Purchase Price: $275kRehab Cost EST: $130-$150kARV: $550k-575kLake Front house w/dock (a huge incentive on this lake)I have a little over $30k available but don't want to drop much lower but also hate to miss out on this opportunity.