The syndication scenario is viable of course but I will say....I dont know whom I know that would invest or have money so Id need to go to new waters. 

Dont currently invest in the market but living from Chicago all my life- I have seen MIlwaukee and a few other cities in WI continue to grow and develop their neighborhoods, cities, and counties- I see the MW continue to grow at a slow turtle rate but if you have time on your side, I would put my $ on some of the areas in MI, Racine, Madison, GB and Kenosha - Closer to the water the better --

As I posted recently on BP, some of the units that I've owned included heat and hot water in the condo fee, which increased the condo fee such their fee was in the $380 monthly range. 

I am planning on installing water submeter on my apartment units.

Does it cover water stains as well as they say it does--in one coat?

Calls go unanswered, no rent and you realize you're stuck managing a property with increasing water and sewer charges and a tenant who has vanished into thin air, leaving you holding the bag.

Just be sure to research zoning, access, water rights, and taxes before buying large tracts.

Job growth, population growth, wage growth, diversified economy, good energy and water. 

Add taxes, insurance, HOA fees if any, electric and water.

The property I was underwriting was right by the water, and I'm open to more inland with the thought insurance may be less painful.