I plan to by 1 property in year 1, 2 in year 2, 3 in year 3, and so on with a final goal of 10 properties paid in full all generating passive cash flow.

that was my worry about selling too soon, and the only way i can see myself breaking even would be to do a for sale by owner. i didnt factor in the benefits that might come from prospective lenders should i choose this as a rental, so this may definitely sway my decision. you are also correct in that one area i was initially looking at for properties is in Aurora.

Bab Adetiba I’m not sure what state you are looking at but My initial thought is you may have to add payroll into the equation.

Are you trying to generate cash flow?

Most of the "profit", I believe, is made when you initially purchase it.

They were not great ideas to begin with and now we would like to consolidate all of these small funds into a real estate purchase that would generate better cash over time. 

Just one observation is that if you end up dropping $600k for the business with stagnant growth, it will take how long to see that initial amount returned? 

That usually requires 2rounds of correction. initial subm, 1st corr, final/partial approval?

Before I do anything, I plan to get an expert's opinion, but looking for initial feedback & ballpark.

So I got the package of rental forms from WI Legal something or other, and on the initial agreement (M-M) I only required tenants to pay for "water"; not fully realizing that the Milwaukee water bill also has "sewer" and "muni" charges - which are far more than "water".