I’d recommend taking a deep breath and not worry so much about ARV, CoC and just look at a way to decrease your cost of living while buying your first property.

And also what to do with our tenants that will not have a shower for who knows how long during repairs (any recommendations for how to manage this?)

Any recommendation and knowledge of current markets and trends would be greatly appreciated.

However, the cashflow is unlikely to make up for the increased equity gains, reduced vacancies, tax deductions, and other benefits that come from diversifying.I recommend you build a strong foundational understanding of real estate investing.1.

Does anyone have a recommendation for a tax professional or a resource of where I can go and search for one? 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

Do you have any recommendations for that area (Realtors, lenders, other houshackers)?

I'm seeking recommendations from the network for dependable and skilled general contractors specializing in property rehabs in Milwaukee.

I would recommend getting several actual written bids and then select the one you like the best.

You create a domino chain where one failing property can topple the entire thing.I recommend increasing earnings, reducing expenses, saving up, and investing from a strong financial position.