Appraisal for post renovation is 5.5 million.1 million equity for one deal and around 9,000 per month in cash flow once stabilized is life changing to me, along with the cost segregation.You can make money in real estate in so many ways, whether you're @Jay Hinrichs funding deals and developing, or @Brian Burke syndicating, or wholesaling, buying single family homes, fixing and flipping, short term rentals, etc.The key is to pick you vehicle and master it.I would be remiss to say that I believe multifamily is the holy grail of real estate investing.

Add roommates and learn how to manage it.

Most likely, this will be deductible as "start-up costs" once you actually start your business.

There is a Wisconsin grant for historic home owners that gives you back 25% of some renovations costs. 

But I’m not currently looking for a property manager.  

If there is one you would need to take into consideration the effects of the costs associated with that vs. your new savings via the lower interest rate.

Sometimes speaking with a manager or customer service supervisor can speed up the process.

Subject house math:-Purchase: $200k-Closing, rehab, to date carrying costs: $65k-ARV $400-425k-Rent $2900-3100-Taxes $9k a year-Insurance $1500 a year (Estimate)My math works out that if I refinance and pull all my money back out (LTV ~62%) I will have a total monthly cost (Tax, insurance, P&I) of about $2450 leaving roughly $500 cash flow assuming I manage the property myself.

Hello all,I'd like to connect with some excellent real estate agents and property managers in the Milwaukee area.

I've seen situations where people tried to cut corners with cheaper software or DIY options, only to face costly IRS issues later.