Also how high is the interest rate compared to conventional home loan?

I compare it to a KMART Bluelight Special. 

Perhaps if I was I would find the personal loan world buttery smooth compared to commercial loans to an LLC, but I can't disagree more with the previous post :( 

Cap rates are relatively fair in Milwaukee compared to many other markets. 

@Brad BellstedtWhen you compare 18 4plexs to the number of SFR (3564), the percentage is (18/3564 = .005) or less than 1/2 of 1 percent.

Look back later see what it sold for and see what your number was compared to see if you were even in the game.

I am also a passive investor in a syndicated medical building.So I know the level of time committment involved with being an active real estate investor and I can compare that vs. being a lender or being a passive investor in a syndicated deal.Yes - being a lender is more passive.

You might have decent odds if you are buying almost new class A in an A location but then cash flow can be minimal and purchase price higher but still might be cheap compared to California.Example a 4 unit in another state for an A location might be 400k but in California maybe who knows 1.5 to 2 million or something like that.

If you're working with an agent (which is usually no cost to you as a buyer) then your agent can show you some comparable sale prices to give you an idea of what it will appraise for.

Would love to compare notes with you.B