Other sources of stress:  divorce (can be searched for by short time of ownership and quit claim deed), probate is not as easy as it sounds and turn around is often >12 months, vacant house... 

I've had a couple of buy and hold properties but now I'm actively looking at ways to achieve more passive income through short term rentals and multi-family units.  

In short, I think this speaks to the frothiness of the market and any system with less checks and balances (i.e. now they can just buy anything the "crowd" may not have liked) is worse off. 

They can try to do a short sale and get money if it's an underwater asset.

In short, if you can evaluate a deal as an equity player and its the right deal you will be compensated both in fees/interest and in an equity split.

They aren't a short-sale or foreclosure but also can't upgrade.  

I wouldn't plan on using either of these types of loans for a short term flip.

Who of us (myself included) hasn’t put together a quick spreadsheet only to discover — sometimes a little later than we would like — that a typo in a formula has led to unintended results?

There are some other tips that I can add, but I'd like to keep this short and touch on the ones that we see missed most often.  

consider proximity to an airport wit reasonable fares,  Manty and Trivers (local speak) are a Hike to Milwaukee Airport, and Green Bay is quite expensive to fly out of. just a thought, Unless you fall into a great deal, a $50-70K 4plex is gona be pretty rough,  both in condition and location, get familiar with the areas, and if you do settle in Manty, Just remember its Cooler Near the Lake, not sunglasses and board shorts cooler, like 50 degrees in late June, and 20 miles west its 80 degrees. just considerations.