The difference in cost to the tenant to have higher limits is typically very small. 

Also found that they replaced area vinyl under at kitchen table with a completely different style and color of vinyl...looked horrible and I ended up redoing the whole unit. 

Typically in my (limited compared to yours) experience most issues come up shortly after moving in.

This is not the approach for a typical investor that is looking for returns.

If you are making all of the payments, that is typically all the bank cares about. 

However, they do typically use low comps so just be aware

Very HIGH Gross Rents versus the expenses and rents move up significantly every year.In most of my properties, we typically raise rents above expenses.

Their fairly recent Chicago HQ is a beautiful building and a big reason Fulton Market went from red-hot to white-hot...certainly wouldn't mind working there.If you do visit Racine/Kenosha area, obviously would love to hear your insights.

Turn season mid July to mid August typically. 

Typically, I know wholesaling can be a good way to start with no money and no credit.