Then, finally I would have roughly $5000 of costs in painting and carpeting. 

Hi Mike,I'm just reading this post and would love to know what you finally did?  

Julie Marquez nailed it. 

It's not clear to me whether I should value it more like a Tosa property or more like a west side Milw property.What I like about the neighborhood:- In Tosa school district- Near all the cool North Ave retail activity- Might attract tenants attached to the Medical CollegeWhat I dislike:- Proximity to rougher areas of Milw- Immediate area is mostly scrubby retail like nail salonsYour thoughts?

That, coupled with no shortage of renters (see Steve's final bullet point) should make for a great investing climate.Just my 2 cents :)

I just turned 30, it's a New Year, and I FINALLY moved Biggerpockets.com all the way to the left on my bookmarks bar, so it will be the very first thing I click on, even before I check my email. 

I did finally end up going the TK route back in 2012, and haven't regretted it yet.  

My friend has just got her new house rent out, finally. 

Could this be from scuffs and nail holes?

Final Sq Footage after rehab will be 1,400 Sq Ft.