Speaking with investors who have experience in multiple midwest cities the bar in Milwaukee for landlords is actually quite low.

@Jimmy ReadyYou can contribute up to $5,500 to an IRA per year and this is an addition to being able to contribute to your employer 401k plan. https://www.irs.gov/retirement-plans/plan-particip...When an IRA invests in real estate and the IRA does not have enough funds to fully purchased the property, the IRA can obtain a non-recourse loan.

You're borrowing money, and with a HELOC, at very low rates, it's super flexible funding and as cheap as money gets.

If you report as a Schedule C, it won't hurt you, if you are a corp it will hurt you because it gets deducted before you get to your bottom line which goes to you via a K-1.To quickly address the 401k component, if you're reporting as a corp, the employer portion of the contribution will hurt you and the employee portion will not hurt you since it is on your paycheck stub.Not sure exactly how it would work if you have a 401k AND you report on a Schedule C.Of course, I would talk to your CPA about this further.

@Jared Bausch  You need 2 years of history in self-employed income.

If you're employing the BRRRR strategy, the first thing you should do (before making an offer or talking to a hard money lender), is to talk with a loan officer to see if you can qualify for a refinance. 

I did find this deal off market using driving for dollars It’s a very low loan amount of $10,000 and I do have it in cash buyer committed to purchase the house.

They’re asking about $2700 an acre, which is low for what other properties go for in the area (min $4k+/acre).

I would suggest age 50 or 60-89, 20+ year ownership, single family home and specify a home value range.You can also specify Low Financial Stability Scores to find people who are more likely to be motivated sellers.

Does it make sense to invest in other states with low property taxes if you live in Texas?