@Natalie Schanne I'll start having a larger reserve baked into the purchase fund.

I offered 150k as is, but that was flatly denied.  

Statistics tell you only so much, and in many cases they are just flat wrong, like Milwaukee.

Plan and simple you rent a car from Ford and piss and tear the car apart you bring it back with flats and you tell Ford dealership “not my problem” and by the way it’s illegal to charge me anything!

I told him Dude you should be flat embarrassed just because we are from CA OR and you think we are made of money and Stupid to boot.. your putting out pee poor product and no way going to buy something from you..

SFR rents are increasing and multi are flat. 

When he says the "management isnt baked into the numbers necessarily, does he mean its cheaper to hire an on-site property manager vs one that has to run around?

@Suzanne Marttinen - simplest route would be to pay a flat interest rate on the 40k, monthly interest only payment and then pay them off when you refi. 

@Arta Montero I have a brother who is an electrical engineer, and he flat-out won't look at a deal that I bring to him, because he just cannot release that control.

I bought a 4 flat in Chicago at the end of October and I’ve now saved up enough cash to put 20% down on an investment property in the same area as my current property.