The only reason I recommend focusing on a couple neighborhoods, is because house hacking entails buying in a neighborhood you want to live in.  

It is not uncommon for auctions like this one to get rescheduled multiple times before ever actually making it to the courthouse steps. 

It’s very easy as tenants pay like clock work electronically and are very reasonable for scheduling repairs.

Hey Chelsea,I’m originally from Washington too, and I actually lived in Milwaukee for 4 years during grad school!

I am open to it- but unfortunately, I am not looking to move until another 2-3 years- my partner and I rent an apartment on IOP and we love the location and the cost is actually incredibly low which is great.

You'll want to use the same % ratio between building and land; not the actual amount/value listed.  

I actually bought a home in Arvada last year, and it’s appreciated 8% in the first year—there’s potential for growth, but the rent-to-price ratio can be tough here.I understand the fear of making a bad purchase, especially as a rookie.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

I was in college so not actually a landlord.

I'm actually located in Illinois.