Yet in a 'high water/sewer rate' town nearby one of our duplexes only averages $95/month (4 adults & 1 kid).Your costs are definitely becoming a financial liability.

Greetings,I’m new to real estate investment and I was reading one of the BRRRR blogs and it stated that one of financial goals regarding Margin should be at least 20% of the value after remodel.So here is my question, Does it mean the amount you invest in the property after you rehab should be at least 20%.  

I believe real estate is the simplest way to achieve financial independence. 

Milwaukee has many cash flowing properties that can help you reach your financial goals.

You don’t get financially free as quickly as you do with MF.

Something that we can all shoot for as we aim to get to financial freedom.  

You will have to use your own estimates using the the seller's financial as a starting point. 

My question is about the best path forward to rehab and eventually buy this house from my dad with the least financial and legal impact on us both.

This will influence your business decisions.  

-Ability to read and understand most contracts and financial documentsWhat I need:-Money to fund deals likely 400k-1.2 million for first acquisition-Multifamily Experience for the loan and to make raising the money easier (probable possible without, but much better with)-Net worth and Liquidity requirements to qualify for the loan-Experience in turning around a value add in 12-18 months successfully -Experience in Underwriting deals and due diligence-People who are very good at organizing and systematizing-People who excel at operations and administration-People who have a great understanding of construction and contractors (Boots on the ground is a huge plus)All honest feedback is greatly appreciated.Thank you!