(This may be because my professional background is in teaching.)My short term goal is to wholesale and/or rehab in order to pay off student loans that have been around for too long and to build a bigger savings.

I noticed this post is four years old but there are many Milwaukee professionals here.

Hello All, I've been a full-time IT professional for 17+ years.

I think the owners are trying to price it high because of all of the work they put into it.With the owner financing component and the prospect of being able to maybe put very little money down, do you see any light in this tunnel?

YouTube is a great resource for videos on sheetrock patching, replacing tank components for toilets, wax rings, replacing broken faucets, fixing drains, etc.Those are just a few things that come to mind for me that are fairly simple.

In all my circle of professionals none of them claim to have seen it or even to know a colleague who's seen it.

@Florence Oxenham, In light of a recent California Supreme Court ruling admitting an ILLEGAL immigrant to the California bar to practice law, I suspect the same will have to be true for all other state licensed professionals and immigration status should no longer be a factor... http://www.nytimes.com/2014/01/03/us/immigrant-in-us-illegally-may-practice-law-california-court-rules.html?

For example, maybe the property is pretty rural so it has a high protection class, or maybe it has a woodstove that wasn't professionally installed - but I did it, and I'm sure I know what I'm doing.

I would talk to a professional but good umbrella/liability insurance should substantially reduce your risk if you purchase without an llc.

Partially, to make the point that there are always those deals that do NOT fall in the realm of 'typical'.I recently rehabbed a house that I bought from a Professional Flipper who I have supplied cabinets and counter tops to (my day job) for many years.