Real Estate IRA investors will normally engage a real estate professional to market their properties for rent, sale, etc.

Unlike normal, you actually come out and say what you think. ;)

That being said, I also know that Milwaukee is unlike any market I have ever seen where normal logic and rules do not apply.  

My answer would be a monthly revenue that would cover all my bills plus additional monies to enable me to live where I want and never need to work a normal job again.

MLS can give you comps to give you an idea before you seriously consider buying the property.Also... if you're not using a RE agent when you buy then you can ask that the 3% that would normally go to the agent get gifted back to you.I had a friend make a suggestion to me the other day, but I don't know if it's legal.

Normally renting is a straight up business proposition, however, renting rooms in YOUR OWN house makes it into a personal deal.

Also working hard at making one of our car payments go away (only got about 8 months left if I pay the normal monthly payment), once that's gone we'll have a lot more money each month to put towards paying down debt.

If they lose a job, or get a divorce or have a medical problem, they don't have a large 401k or IRA or home equity or stocks or bonds to help prop them up.If someone in Indian Hill (most wealthy area of Cincinnati) goes into foreclosure, it is usually in a blaze of glory because these people will normally have the necessary resources to weather a financial storm.What is still a bit of a mystery is why the foreclosures are so clumped in certain small areas or even on just certain streets.

Is it getting back to normal?

If it sells for 230K and you buy it for 180K minus repairs, then you will be cutting it too close.On a rehab, 70% of ARV minus repairs is the maximum you want to be at if you are in a normal market.