If I were you I would be looking at this as an opportunity to really negotiate price and other items that you want to make happen (credit back at closing, fully furnished and more). 

Feel free to dm me.Best of luck!

Free attorneys from tenant-support groups are very effective in finding ways to block and delay.PS: for anyone interested in supporting our landlord legislative efforts please join the Rental Property Association of Wisconsin RPAWI.org which is a Milwaukee-based non-profit.Cashflow in Milwaukee is still possible at current interest rates, but you have to be careful to not "buy cashflow" with a huge capex liability that comes with old buildings! 

For example, if you find a PM that uses a 600+ credit score minimum for the portfolio they manage and you want 700+ then you are allowing the PM to follow less strict guidelines and opening you home to greater risk.For the marketing side of things, I'd recommend using Zillow, Apartments.com, Redfin, and Facebook for potential word of mouth in your sphere.

There is a buyout in the event you expect to turn it quickly.Example: 100k purchase, 50k rehab budget. 10+ experience; 680+ credit score.90k purchase funded; 50k rehab funded.Let's assume 4 draws.Draw 1 - $10,000 (Paid at closing - that means 90k credit at close PLUS 10k credit at close from rehab budget).Draw 2 - $17,500 (Paid when draw 1 is complete).Draw 3 - $17,500 (Paid when draw 2 is complete).Draw 4 - $5,000 (last draw is reimbursed when last draw is complete).Connect with me via email and I can give you some references.

I also thought about just taking out an FHA loan (since my wife and I both have 750 credit scores) and buying a house and renting out my mobile home to cover the mortgage.

I would get rid of the laundry or let them do it for free.

So gift the proceeds tax free or put my name on house and sell it?

But as soon as their is a sale of the property - that differential goes away and the property appraiser is free to tax it at it's "just value" - which is usually some percentage below what you paid for it... like 15-20% less than what you paid.  

Additionally, satisfactory credit (typically 680+) and a down payment of at least 20% are typically required to qualify.- I'm not an expert in lending, so please do your due diligence in verifying this information.Rich dad poor dad is the reason I became an Investor/Realtor!