Thanks for the reply, I was asking this question trying to understand the valuation for when I would complete the project for refi and potential profit.

While the potential for appreciation and increased land size is attractive, the high debt, negative cash flow, and uncertainties raise red flags.

But you must assess your long-term investment goals and whether the benefits of liability protection and potential tax advantages outweigh the administrative and financial costs associated with maintaining an LLC.

As Bill mentioned, you could potentially be a coborrower for him on a cash out refinance to increase his buying power.

Remember to conduct thorough market research and due diligence, but Milwaukee's affordability and rental income potential make it a compelling option for out-of-state investors like yourselves.

Is there a way to find out how long a tenant list is for a potential city?

They can offer guidance on compliance, permits, and inspections required before you can legally rent out the property.Investing in these initial steps will not only help ensure your property is safe and compliant but also potentially increase its value and appeal in the rental market.

The market potential How did you find this deal and how did you negotiate it?

I have a list of potential markets to invest in.

I have no interest in being thrown into a family feud and a battle of ownership with potential for a California eviction.