Its smart to be thinking through zoning, licensing, utilities, and safety compliance, those will be the biggest hurdles.

One of the most common mistakes I see real estate investors make is treating a 1031 exchange like a no-brainer (I've done this too unfortunately).

That includes rent collected, vacancy, utilities, maintenance, taxes, and insurance.

in the Milwaukee area (out of the city) utilizing the VA loan.

What’s the net difference after factoring in furniture cost, depreciation, vacancy gaps, and utilities?

Strong post — maintenance ops is where most reputations are won or lost.What you described is pretty common once portfolios hit that 50–200 door range.

It's a common practice among people buying big-ticket ite...PacasoLofty: Fractional Real Estate MarketplaceYou don't have to be a pro to invest like one.

First month’s rent, last month’s rent, deposit, pet fees, admin fees, utility setup.

If your projected ARV isn’t well supported, leverage drops fast.4) Carry reserves matterThey’ll want to see you can cover interest payments, overruns, and holding costs if the property sits.5) Vertical + horizontal costsMake sure your budget includes site work, impact fees, utilities, fill, permits, etc. — lenders underwrite total project cost, not just the house.6) Do NOT close on your construction loan before permits are approvedThis is a big one.

Before you go and pay for ANY kind of advertising, make sure that you're utilizing all of these free sites where you can list:- Zillow- Avail (Realtor.com network)- Apartments.com (they have a bunch of websites under their brand... hotpads, etc.)- Zumper- Facebook Marketplace- Craigslist- Redfin Rentals- Rentler- State Housing Search Sites (some states run free housing search portals)Next, I would take a look at the use of your property.