It's unfortunate, but appliances will soon become disposable items like radios and televisions. for any appliance older than 5-7 years, I consider replacement rather than repair unless it's a really simple, inexpensive repair.

Just shoot me a message with your preferred search criteria (price range, towns etc and your email) and I can set that up. 

Do you prefer to put the entire amount into one property or would you like to see it diversified across multiple properties? 

If its less than 100k then it is personal preference and your own risk tolerance.

If you plan to purchase more rental properties in MKE/WI then it would be best to structure the deals with their own separate LLC entity as most of my out of state investors who purchase/buy/invest in MKE/WI prefer to do it this way.

I prefer not to use my own money as I need it for Reno's so do you have any tips on if I can finance the downpayment from another source?

I feel like a first time caller on a radio talk show, so please forgive me!

My preference would be to invest in-state, so for me to venture out of state, the ROI would have to be notably better than something I would be able to find in New Jersey.

am curious as when would folks prefer private interest ?

I listened to a podcast that someone (whose name I am blanking on) discussed their preference in 200+ days listed, as it can lead to a better deal being made with a desperate seller.