That's probably not enforced very much but I wouldn't feel great about risking it so I can't just buy a 5 or 6 bedroom house and rent all the rooms. 

Reuben,I don't have an answer, but I feel for you. 

My feeling is that 2500 is way too much and just not competitive, so I wrote the landlord with some comps demonstrating that and asking if he'll keep it at 2250.

Hey @Joshua Ibarra, feel free to reach out.

Feel free to reach out and I can send more info.  

@Cory Bagby- Feel free to reach out to me if you have any questions about the Milwaukee Market. 

Our plan is to buy the first home in cash, likely $550k-$650k, operate it under management for 3-6 months, then refi to pull out what we feel the property can support for a mortgage so we do not end up upside down. 

You want to ensure that your lender is doing their upfront due diligence on the deal, has programs to get the deal done if the final numbers come in different(low DSCR requirements, favorable rent guidelines, etc), and is offering you excellent customer service.

I feel sad when I see them stressed out about money all the time.All suggestions are welcomed :)Thank you. 

I feel like it is helpful to add that I am not looking or asking for any compensation for performing the tasks I mentioned above, as well as bringing in my knowledge/experience to benefit both of us to maximize the returns we will get in the future.