Hi Javier, the numbers look fine in terms of the purchase price, rehab, and ARV (depending on what kind of work you are doing).

Without an influx in new construction we are probably going to stay on this path, because outside of 600k new construction in the suburbs, we only have what we have in terms of houses.Wisconsin is generally a landlord-friendly state, but Dane County (Madison) keeps getting more and more landlord-unfriendly, Milwaukee is definitively better in that regard.

In terms of condo features: which features are the most important for an apartment and a building for STR?

Outside of the 30yf that's somewhat unlikely to happen, you should be able to cherry pick from several options in terms of PPP (length and severity), fees, fixed period, etc.

And legal action will be costly plus likely not yield much in terms of positive results.Best to just move on and find a new tenant.

@Charles BurgessIn order to begin the process of looking at a lot in terms of potential development, it’s important to first keep in mind that a number things must be considered.

My latest and nicest building is in the bottom 2 towns in my area in terms of services and overall location.

This is because insurance proceeds are the path of least resistance in terms of collection (more on this below).

In terms of getting into apartment complexes and large transactions - it's much easier than you think.Real estate is filled with opportunities to deploy capital, but in the same time is filled with fast-talking snake oil men that will happily take your money towards a "fund" so you own a portion of a large portfolio... only to find out the fund's performance is below par, your money is locked out, and the only person making money is the fund manager from the management fee they've locked you into. 

I’ll check out both articles you shared.How do Solo 401(k) and SDIRA benefit W2 individuals in terms of contribution limits, investment flexibility, and tax advantages, particularly with features like checkbook control and Roth contributions?