A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

We bought a new build years ago (and sold it 3 years later when the market turned up) and our TOTAL cap ex was $550 over the 3 years. 

None... not a single property in 10 years?

Hi, I know this is an old post but if you still will recommend that commercial property management, that would be great as I am in the same boat. 

I'm happy to answer or confirm any tax/accounting questions if you'd like Steven, I know this post is a little old, but I think my husband and I have been doing this incorrectly.

2 years to build a house is crazy.

I have clients who have purchased multi family in Las Vegas and had great success over the years.

(I lived in Houston for 29 years--last place was the Rice Lofts downtown.  

Most rental properties in Milwaukee are old and run down, our product stands out. 

But thats the quickest way to get to 350k a year and keep growing it. you have to force appreciation just like building a business.Rentals to get to 350 a year is going to take you quite a bit more cash or its going to take you years and years to get there. ..