The soffits are rotten with large holes in them, there's an addition on the back that was never completed and basically looks like ancient ruins.

As I said before too, I'd REALLY REALLY emphasize that you and if you have any partners, that you check with the city of MKE as far as the work you mention this place needs and try to nail them down as to what they're going to require as far as fixing whatever in the place because one example I can give you is one home I'm soon to put on the market where it came (as an REO) with a 4 fuse fuse box and the ancient knob and tube wiring inside and while these days you really can't get ins coverage on anything with fuses, so they've been updated to breakers, you do still have a lot of knob and tube wiring around here as we have a fair amount of housing stock that's very old. 

The first time, the furnace was an ancient beast probably about 60 years old and came with the home. 

We all heard about Greece going under.

Personally, I think the U.S. may end up as another Greece (financially) though it may take a generation for things to get that bad.

In the book, they say “he who chases two rabbits catches neither.”An ancient Chinese proverb, I guess.

Look into Greece, Spain, Russia, maybe Cuba.

(read up on when Greece had a currency problem)  You could refi and cash out but if everything goes down like you think it will, you will own the property and be upside down too.

Some of these may be reduced two levels beginning with France and might also include Greece, Italy, and Portugal and Spain.

This is an ancient thread, but I'm seeing the exact opposite.Last market sale date 1901-1997 ~98KLast market recording date 1901-1997 ~27KIt makes me mistrust the data in general.