Milwaukee is probably one of the better areas to do this, but while priced low, we have been in the top 10 most competitive markets in the US in 2023 to buy and from a renters perspective MKE is ranked #3 per rentcafe's 2023 report - both based on a chronic housing shortage.

The homes otherwise have unique dimensional characteristics such as a true 5th floor walk out to the roof deck and I would imagine seeking a variance will give the community organization an opportunity to push back on the height and other design elements that make the homes marketable.

If you are joining the ranks of a popular market with a lot of options you will need to differentiate yourself from your competition. 

Would you recommend avoiding any particular elements to a deal like this and if so why?

The Navy pays basic housing allowance based on your rank and dependents which is tax free money that can be used at my discretion.

According to the Bureau of Labor Statistics, Baltimore ranked 8th in the nation for the lowest unemployment rate at 8.0% ending June 2020, compared to 11.2% nationally.In the historical context, Baltimore has proven to be a recession-resistant market.

I have now opened my own brokerage specializing with investors and am ranked in the upper 25% of the MLS, exceeding my former W2 income. 

Louisville has many 10s, 9s, and 8s.The entire state has very low crime.Here are resources that'll help too: usa.com, usa.com/rank/, city-data.com, https://www.zillow.com/research/data/You can also go on to zillow and check under the for rent section and check individual properties for how long they have been on the zillow market.From scrubbing the internet for all this data to find vacancy rates, I'd have to say Louisville has low a vacancy rate, which is good, yet how much so depends on the specific neighborhood.

If you are an investor and have Management Company, or CO-host (VA) they have systems that rank your property higher and will bring you MORE money even though you are paying them. 

They also have nationally ranked MED school and is also the cyber security headquarters for the US Gov't.