Simplified example: if all assessments would exactly double, individual property taxes would stay exactly the same.Milwaukee is currently the 2nd most competitive market for renters in the US, you can watch a video on current Milwaukee rent increases here. 

Am also interested and wanting to learn more about it. thanks!

Some of my most successful clients have done exactly as you described they had a JOB with a REIT or developer and learned their craft before launching out.Trying to get this type of education paying  companies that just sell short term training is very hit and miss. 

You're in the right place to learn about real estate investing.

In order to become ready for your first property, keep learning, assemble a group of real estate experts, investigate possible properties in-depth, start small, and exercise patience and discipline.Good luck!

Lessons learned?

So yes continue to learn and figure out where you want to get started.

I am fielding any stories of individuals trying to sell commercial MF and how that process has gone for you.

Lessons learned?

This would require you to each report your share of the activity (depreciation included) on your individual tax return according to ownership %.