He's a young fella and while he won't be ready to buy anything in the immediate future, he will want to be out of this deal at some point so he can free up his credit, etc...

I would be prepared for 6 months and tell your lender to expect this, or more.]  

.- Charging owners for pics- Charing inflated application fees to make, you know, some money for their time spent- Some even charge tenants MoveIn Fees and other charges to make money.So, don't be short-sighted and expect PMCs to work for free!

It also can get challenging to set a price now to possibly buy in the future that the owner and you will feel is fair (with markets still appreciating at a healthy pace).You can also keep your eyes open for a seller willing and able to do a land contract with you (but there usually would want much more money down and likely want a full pay off in a few years, but can see what you can negotiate on terms).I agree nothing illegal about options/option fees in WI to my knowledge, but generally seem much less frequently used in single residential transactions than commercial transactions where due diligence and closing timelines may be very drawn out.

I wish you luck on your future investments. 

For future investments, I'd suggest a small multi-family that cash flows.

If you have the cash to build one, expect anywhere from $80k-$200k+ despite it being small there are many set costs to account for.

I can make my expected net..so that I can save for my family’s future.

Buyers should expect more competition in the spring, but conditions overall should remain favorable compared to recent years.What if I’m a seller?

Are you planning to sell your primary in the near future?