I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.

Exploring FHA loans makes sense for a low down payment, but keep in mind the competitive market may require some flexibility.

Don't pay for a coach that has numerous warning web articles from cities.

Getting back to the original post, what would be a strategy you'd explore given his circumstances?  

Hey guys,I have read a number of articles and books about the BRRRR method.  

A strong agent who invests can help analyze deals, run comps, get rents, help you explore multiple investing strategies, strategize offers and negotiate best prices/concessions/ repairs. 

Research comps in the Milwaukee area or connect with a local appraiser to estimate your property’s potential value.Depending on the rental income, you might explore DSCR loans for your refinance, as they rely on property performance more than personal income.

I came across the DealCheck app and thought why not at least explore it.

Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.

If I google his name just right, with the city he was from, there's the newspaper articles too.