Look up Milwaukee real estate market on YouTube.  

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

It's a beautiful property up in the mountains.

@AJ ExnerAJ,Follow-Up Question:  So to a DSCR lender seasoning starts when the property is bought. 

A quick internet search suggests that foreign national loans can provide up to 75% LTV.

This is where everyone started.Residential investing is very forgiving by nature, you have to try hard to really screw it up.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

That's the other challenge that i've learned, with only one month as SD, if the tenant leaves even in a relatively new build the fees add up. 

The repair was extensive and costly, requiring excavation (about 3x6 feet) to replace the broken section and clean up the mess.