You have made a wise decision joining this site.

This will cost more, but there are lots of options out there which can still be viable cash flow wise for buy and hold properties.

Don't know your situation work-wise/family-wise, but may be worth expanding search area a bit and see if you can find anything attractive that way if possible.

@James Wise thank you for this information!

Like others have mentioned it is wise to make sure you get commitments for roughly twice what you actually need as some of your investors will back out when it is time to pull the trigger.

Just make sure whatever you do that you invest wisely and enjoy the ride because you only live once and you can't take it with you.

I would say, Cudahy and South Milwaukee are on the upswing property-wise . 

Also I have a mortgage calculator that I had shared on BP previously that is set up for you to know how much you would qualify income wise, taking into account your front end and back end income ratio that your lenders would use, it also accounts for tenant income, if this is something you want send me a message. 

I actually did run it through the calculator and it looked good math wise, but I just went to see the property and the units are very small and happens to be directly across the street from a prison.  

unless new home construction is active in the area and VERY active waste of time.. the only one who is going to buy that small of a lot is usually a neighbor. and builder would want to see that U can close.. or know that you can.. other wise they just will make a back up offer.for land and lots the game is you pay cash sell for double or more on EASY terms that's how the cheap land game has been played the last 100 years.