Procuring cause would apply with the old Nonexclusive agency agreement that isn't used any longer because since there was no time frame involved the procuring cause was the trigger to tie an buyer to that agent for a commission.

Also, when using a wholesaler, I put a deposit in escrow so they knew I was serious and could pull the trigger quickly.

I've been buying and holding for SFH's rentals for 15+ years, but my goals now are Cash flow (70%) and Appreciation/Equity (30%) so I can invest faster/grow more in shorter periods of time.I ran this: View report on BP as a really rough test for investing in this property (3-plex, but also offers an attached 3-plex for consideration). 

The time has now come that my wife and I are finally ready to pull the trigger on our first property - a residential multi-family in the Milwaukee area.At the same time, I've been experiencing severe burnout and unsustainable amounts of overtime at my day job (60+ hours/wk for months).

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

I own equity in the property as I paid consideration.

These are helpful considerations.

However once we started making improvements to the property, the idea of converting this to a STR (like the one we did a year ago), started to be a consideration.

Specifically will this property require a secondary form of egress and if so, can the architect provide this in building permit  plans and does the change of use trigger the need for an NFPA 13R sprinkler system?

Also there isn't as much appreciation in the area, it takes longer to evict (MUCH longer), and they have lien-able water and gas - so if someone skips out on the bill, it's on me as the property owner.My point is, high taxes are just one consideration but not an end all be all.