Property is close to law school and can rent for $950.00.

We are looking to start out slow as buy and hold investors beginning with SFRs them possibly graduating to multifamily. 

@Tim Chasteen Are you looking for a good public high school?

However, we have no debt (our school and lodging is paid for).2) We don't know much about Milwaukee.

Now as Bigger Pockets says, most of the info the schools sell is for free somewhere on-line, and I have gotten enormous help from Bigger Pockets for free.

As for the drapes, I had old school drapes from the 1950s in my duplex.

The CFO I  talked to was going to France for a year so his daughter could go to school ....

You can easily find examples like this at school, jobs, and in your personal relationships too.

It's a great house in a nice neighborhood, but schools are lacking.

@Michael Nemeth It may seem counterintuitive, but I often schedule my rent increases in the winter months if the family has kids in school (Sec-8 are scheduled for Jan 1, notices go out Nov 1)  While we certainly don't want vacancies, tenants don't want to move during the school year.