We're planning to start a family soon so there may be a long-term babysitting synergy play here too!

Im not playing in SW WI, but i do in Northern WI, you really need to know your market and numbers, compas are tougher to understand, but I do well im my markets, the majority of my portfolio is either rural, or in towns below 15K people. if you have a good team and a PM that operates at a high level, those markets can be gold, but its not for everyone, its not easy, but generally there is little competition and high demand@Michael B. population of 70K is quite big in most of WI other than Milwaukee, Green Bay, Madison and Appleton, there are not many cities north of 50K populations. 

Thanks for sharing the darker side of the RE game. 

You’re likely being played, which is what I think I said on the other post.

Read Multifamily Millions by David Lindahl and follow his methodology of repositioning a value play.  

Perhaps when doing your refis, leave some skin in the game, e.g. $10K, if it would yield you $200/month NET for example.

It’s not worth gaming for the amount it would save.

If your serious about this we want you to come, if nothing else it would be a great support group for staying in the game and hopefully we all motivate each other to achieve our goals. 

Here is how it played out:Purchase $72kRehab $45kRefinancing/cash out at $125k with a note at $861 tax and insurance included.

My strategy is to use FHA financing to allow me to put down 3.5% to basically get me in the game, live in one unit for 12 months, and get out of there to rent out the fourth unit.