I have 8 years left in the Navy and want to hang up the flip flops and lace up my hiking boots.

Most will laugh, hang up or get mad.

To add some details, its probably about an 800 sq/ft job hanging (50% complete) and finishing. 

If so, yo uwill need to hang you license with a broker. 

If you get a license, you will have to hang it with a broker and you'll have to pay commission on your transactions.

  - current rents as reported to tax assessor in Jan 2017 = $12,860    (10 for $770 ea, 8 for $645 ea)- current taxes are $12,580 (WI bases taxes on the reported income I was told)- yearly expenses of $61k include -sewer (a killer at $10,320/yr), water (well), gas for boiler, common area electric, insurance, 5% management fee, $800/mo CapEx, garbage, insurance, and maintenance fees - all units were reported rented to assessor although at least 5 units have obviously been vacant for a long time (as evidenced by the several months old gas/electric company shutoff tags hanging on the doors).

By day I work at GM as a powertrain engineer, by night I like tinkering/racing cars, hanging with friends, and more recently snowboarding.I'm still learning, but hoping to make my first move by February 2018.

I suspect the person who made the 200k second if the first goes into default ( never mind there is no equity) probably does not or will not cure and they just let some borrower rip 120% of his cash out of his deal.. so no real motivation to hang in there. other than maybe their credit.

There is much more low-hanging fruit to pick.

They're pretty intimidating to use, but not that bad once you get the hang of them.