it’s an incredible area for rentals. i have a few not far from where you described. i have been investing in that area since 2012 and have always done very well. i am more than happy to help in any way that i can. send me a private message and i’d be happy to answer any questions you have.

“Rich” could be a large sum of money, while I imagine wealth as you describe it, to bring that passive income, like trees growing, vs a hamburger that is only good for a bit, but once you eat half of it, the other half is only going to last for so long.

Saving is the best option if it is doable, a secondary option would be to move out of your primary residence and purchase a small multifamily where you live in one unit and rent out the other(s) there are more creative strategies described on BP but they tend to be somewhat riskier and only work well in certain markets. 

They may need to be purchased and on site though. this is department specific and what you have on your plans.. so like the community I built last year in Gresham OR. 23 homes landscaping must be installed to get C of O.. as it was described on the building permit.. each jurisdiction is different.. 

Now you can use that HELOC along with other loans products if you need.I hope this makes sense how I am describing this. 

I hope this makes sense how I am describing this.Let me know if you had something else in mind? 

I don't know the Madison market very well, but Milwaukee is not so easy to describe and I would like to make the case for it - it's a very diverse sandbox with all sorts of submarkets.

@Jacobus Rex  I would write something like " both parties agree that the contract (describe the contract) is hereby revoked.

@Donald Timmons  I live in the area you are describing. 

But $32/sq ft for the light rehab you described sounds insane.Originally posted by @John McKinnon:Closing on my first property tomorrow in Concord NH and I just received my first quote for finishing the rehab on the studio unit on the second floor.