Founded in 1900, The Wisconsin School of Business is a college within the University of Wisconsin–Madison - one of the world's top leading universities as ranked by the Shanghai Jiao Tong University's ARWU and The Times Higher Education Supplement. Wisconsin is one of 31 universities named a national Center for International Business Education and Research (CIBER). Rankings: - The full-time MBA program has been ranked 17th worldwide and 15th in the U. S. in the 2009-2010 Beyond Grey Pinstripes list of top 100 business schools for environmental, social and ethical management education. - 95th in the Financial Times Global MBA Rankings 2009. - 83rd globally for EMBA program (FT 2009). - The undergraduate program is ranked 13th overall among US business schools, 7th among public institutions, and 3rd among Big Ten business schools (U. News & World Report 2009). - It is placed highly in the US News undergraduate specialties rankings 2009: The Real Estate program is ranked 2nd and the Risk Management and Insurance program is ranked 3rd in the nation.
I have my primary residence currently up for sale and I'm waiting for that to begin construction on a new house on a lot that I already own. We're basically waiting because I don't want to pay the payments on my existing house and the construction loan at the same time and risk the house not selling and get into a bind. After looking at the local rental market I think my current house may be ideal for a very good seasonal vacation rental. I think we can easily cover the annual mortgage just in the summer months and most likely make a handsome profit. We're starting to think this may be a better long term idea than just selling the house and cashing out now. Unfortunately my understanding and experience with banks is that they want to see either a long-term signed lease or a long history of rental income on rental property when figuring monthly liabilities. I had the idea of setting up an LLC or Co. to rent our house to with a signed 12mo lease or something so I can establish a regular 'income" from the house.