And, naturally, I am always available to answer questions here :)

I especially love that the housing stock in Milwaukee and the area is from the 50s when everything was natural hardwoods.

Have Money Credit Partner and You start a LLC, and in the articles of incorporation say:2.

.- If the tenants pay for heat, it still can be an issue if other propertiesin the area have natural gas.

You are definitely in the right place :) Jump in, start asking questions, send colleague requests, start threads, and perhaps most importantly - read through The Ultimate Beginner's Guide to Real Estate Investing a few times until it's 2nd nature!

@David Ramos ,Depending upon your other income, that is when you consider if you should incorporate or not.

The loan, based on interest and LTV, is HML/PML in nature.

I guess it's not easy to find someone with rehab experience in both areas since most people naturally focus on one area.I was asking because Houston seems to have more distressed properties which may affect the sales prices - leading to lower margins.

{If you are operating as an incorporated entity (not an LLC), this would, of course, be different as you would be paying many of your expenses with before tax dollars}.

In fact, I am so anti-BS Guru, the selling the "easy money" dream crap drove me so crazy that was one of the major reasons I started FIBI over 6 years ago with Jeremy Roll.Because of the nature & the reemergence of real estate investing in the public eye, there is always a percentage of newbies & wannabe investors with most meetings, not just FIBI.