Milwaukee has not been easy to BRRRR for the last 3 years: with ultra low inventory sellers just did not have a need to give a discount for condition.

Used Uncle's Line of credit available.

Of course this can change if you decide to move to a low cost area where this cash flow goes farther.

Thank you @Nicole Heasley Beitenman and @Bonnie Low!

I've had borrowers pull a lower credit than expected and rate increase by .25% on a $70k loan and he said the deal doesn't work anymore.

If it's even decent $40K seems low.

Container homes would be low investment with high return and a passive income.

The credit reports show the previous addresses with dates. 

To protect their time and try to, you know make some money, many PMCs that do placements for less than one-month of rent, cut corners like:- Not putting it on the MLS or offering a ridiculously low split to other agents, so those agents do NOT show the property.- Only doing showings at specific days & times, leading to longer vacancies- Requiring prospects to fill out applications first, before scheduling a showing to protect their time invested/wasted (which turns off some prospects, leading to longer vacancies).- 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!

Then, be aggressive about negotiating with the seller two options:1) Property vacant at close - you pay original agreed price2) Property NOT vacant at close - you pay orig price LESS an aggressive amount based upon above.Great advice - you should be embarrassed about how low the offer is you make!