Real estate sales is like any sales: your reputation will play a huge factor, which in turn becomes a word of mouth situation.

Maintenance is replacing a water heater/range unit/light turn over.

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

Here are the figures:House 1 Purchase Price $110,000.00 20% down 30yr fixed 4.75% 3-2 CBSEstimated value: $197,000.00Mortgage : $81,000Rent: $1,450PITI: 787.37Vacancy/Capex/M&R 18%: $261.00FCF: $402House 2Purchase Price: 131,000 3-2 20% down 30yr fixed @ 4.5% built 1983 CBSEstimated Value: $170,000Mortgage: $99,641.00Rent: $1350PITI: $837.42Vacancy/Capex/M&R: $243.00FCF: $270.00I’ve always been of the mindset to hold any income producing asset that produces cash flow, I mean why would you sell it?

Sounds like you are thinking about things correctly and don’t fear good debt that produces cash flow.

I’d do one shot rentals and that turned into PM, etc.

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

You may want to consider an out of state turn-key rental property. 

Some completely prohibit it, others allow it but have conditions that limit it (i.e. can’t rent it out during first year of ownership), and others may only allow a certain percentage to be rentals and could have a long waiting list of owners wanting to turn theirs into a rental.

That's what seems to really turn areas around .Sounds similar to what happened in Cincinnati in the over the Rhine area although I don't know if Indy hoods were as dangerous .Over the Rhine was called one of the most dangerous neighborhoods in America at one time but now it's a bunch of lofts and looks to be pretty hip .How much would you say prices have increased in Indy areas since a few years ago ?