This opportunity evolved into a situation where is was good for the buyer and myself.

This opportunity evolved into a situation where is was good for the buyer and myself.

The ones I have seen in place on houses built in the 1930s drain into the city sewer.

I would talk to both tenants and let them know that you will be moving into one of the units and rents will be going up to market value. 

The assessed value is then multiplied by the millage for the county, city, and district that the property is in to determine the annual tax bill (divide the millage by 1000 to get 0.XXXXX, then multiply by the assessed value).

I can't even begin to tell you how valuable that time was in getting the most up-to-date info on the industry and doing a deep dive into what to look for, how to analyze deals, how to run facilities, rate management, etc.

So anyway, I sunk another 30k into that house.

I'm looking into starting off into real estate investing with my partner and have been looking into the Milwaukee area with a buy and hold strategy in mind. 

if you're looking to meet other investors in the area, also look into NICIA.

(I won't go into the many reasons that is a very bad idea.)Have you checked the flooring yourself?