Ft)Studs Down ($80-90 x Sq.

I know it's not for the faint of heart but land costs a lot here and to break it down you need to get to a lot of units 

I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?

The building is big and open, and has plenty of parking.There will pretty much be a hallway going down each floor with apartments on each side.

He's looking for a STR or rent by rooms while down there.

I had an apartment I put on Airbnb & it was lucrative, but the company sold the property and I had to shut it down.

So you’d have to put down $850k and buy $900k to avoid any taxes. 

We will finance the 25% down with a loan at 3% from a life insurance policy loan and hope for the best on the conventional investor loan we will have for the purchase money.

If you ever make your way down towards Rock or Dane County, I would love to meet for lunch or coffee.

TIA There are 15% down options assuming good credit.