Among the experienced contractors, I'd bet you can't find a single one.All that said, this is your decision. 

I’ve been looking for single family and duplexes in my area of southeast Wisconsin and have been looking into foreclosed homes and just wanted to see if anyone had any tips or advice for a new Investor looking into foreclosures!

The single hardest part of dipping (in my opinion) is finding a deal.

Make sure you talk to a lawyer and don't take advice from some yahoo on the internet ;)Obviously the answer is always "it depends," but here are a few factors to consider:Is this a disregarded entity (or put a different way, is this a single-party LLC, i.e., just you or you and your spouse)?

However, most of our leads have been smaller complexes, duplexes, and single-family homes.

I'm an investor w 2 properties in New York,  Hudson Valley, Orange county looking at moderate expansion and investments in single/multi family houses.

My concern is I already have 1 property townhouse being rented out and another property single family home that I'm ready to close on at the end of the month.

so you'r son is a real estate investor from 1 day, nice ;)thanks, i'm definitely trying to do just that, regarding multi family, i am keeping all my options open, i think i would like to start with a single family house, to get to know the business, since i'm not from around here i also have a lot of logistics to handle on top the of the rental. as it said, i'm really keeping my head open. so open that currently on the table is investing in multiple countries not just the us :D

:) That would’ve been perfect if I were single, but we have a newborn so I wouldn’t feel comfortable with having a roommate and sharing common areas with someone else at this time.  

I work quite a bit more than most since I'm single and I am able.