New investor seeking advice in Milwaukee Market

[Jim Wollmer]

Hi All, I am interested in Buy and hold for cashflow, am trying to educate myself in the market before I jump in. I have read on BP that in Milwaukee, the D class housing has best cashflow, but not sure I am comfortable with sending crews into those neighborhoods. Are those of you investing there using full service property management where they are conditioned to handle the issues that will most likely arise in those areas? And are you using the Property Manager to coordinate any rehab necessary with their contractors?

I like the idea of purchasing multiple low cost rentals to level vacancy instead of one higher priced property with potentially lower net return and more impact of vacancy.

Thanks for the help, BP has been a great resource for me. I drive an hour to work each day and am eating through the podcasts.