My thought here is that these properties will have no mortgage associated, purchasing the property offers the opportunity to have the deed issued for the property. 

However, it's crucial to factor in additional costs like auction fees, back taxes, and liens that might be associated with the property.2.

We appreciate your interest in MailChimp, however with ISPs and email filters becoming more and more sensitive, unfortunately, the risk associated with the account is too great for us to support sending.

@Brandon Ortiz: each strategy has its own risks and potential rewards.Owning rentals, you have the constant maintenance and tenant risk associated with owning property.  

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

Since you and your wife have renovation skills, targeting properties that need minor improvements can maximize your return on investment while minimizing the time and cost associated with major renovations.

Hi Jake-Thanks for the advice- I currently keep photos of all recipets and have updated excel sheets with all costs associated to each property.Organized for now - but as I make moves to scale a bit I probably could use a CPA who knows real estate finance.Respectfully

It also had a change of one of the GPs in the sponsor name (i heard unofficially there was a divorce, sponsor name has been changed to reflect the person no longer being associated).  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

The Rental Property Association of Wisconsin is a resource for connections with contacts that own rental portfolios, legal presentations and resources, and contractors.