@Brian Schmelzlen  Ok that will help you know us developer one year were are on top next year sucking wind

Doran and other major developers built the high-end apartments to sell them as condos after 10 years. 

We are extremely excited, but yet nervous and admittedly have developed a strong case of "Analysis paralysis".

It's all about what development you buy in. 

WHEDA (Wisconsin Housing and Economic Development Authority) has owner occupied loans you can use on a two family and actually put nothing down - at least they did last year. 

Start developing your network early. 

You need to account for: Lawn care ($25-ish x 20-ish mows per season)Snow removal ($25-ish per plow x 20-ish plows per season)Water/Sewer: ~$240 per quarterHeating oil: Stated oil consumption in the listing is 730 gals annually - I'd confirm this with the fuel vendor if you can.

They will probably want to see proof of lease, rent amount, proof of payment on time, seasoning, etc. 

I eventually want to improve/add value and develop real estate as I gain more experience and connections in the industry.

If you decide to go the mortgage broker way and are successful, you will develop a solid relationship as well.