But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

Originally posted by @James W.:I

The thing to know is that there are a lot of seasonal owners so, many properties that look "vacant" are actually held by out of staters from MN WI and IL.

I understand that they operate in real estate under one of a few exemptions from registering as a security with the SEC.

I am open to areas outside of Wisconsin. 

I am going to see if I can switch to a local Wisconsin insurance that reflects our local risk level in their premiums.Many of the homes in the Pacific Palisades are 3-5 million, but when you look on Google Street View, most are very modest homes from the 1960s (there are some $20m ultra luxury mansions too), so a lot is the land value, the home replacement value on a 1600sqft may be what - 500k at the most?

For myself hands down the fastest way to get to Fi is via house hacking. 

We appreciate you giving us the opportunity to review your property.Best regards,"I replied back asking for more specifics, wondering if it is the Milwaukee market, the Wisconsin market, the multi-family market, or the property itself, and I got crickets....At the very least, I should get better customer service explaining why.

There is no issue with eviction for non-payment of rent during the winter in Wisconsin.

So I sat on the sidelines being very impatient.While I looked for deals of 8 units or larger in Wisconsin, Michigan and Indiana I let my cash build up.