That’s an important distinction because your end buyer’s bank likely won’t include that fee in the loan, which means your end buyer will have to come out of pocket to pay it.

I know excitement is one of the most dangerous feelings in real estate -- but man, is it tough to not get excited when you run the #'s and finally one makes sense :)Financially, we can't handle 10% down for duplex, closing costs, fees, inspections etc. - so we're going FHA and thus will have to occupy one of the spaces.

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 ?

  ( which is why sub too in the hands of those with little capital or don't know what they are really doing are so dangerous.) 

Upon consent, I do allow pets with restrictions: I have a "dangerous breeds prohibited - list available upon request" clearly stated on the lease.

That's dangerously low for 2 properties, at least if I were you.

Using space heaters and the oven to heat is dangerous and could ultimately result in a house fire.

Inexperienced or conservative investors do not grasp the concept that every property has two distinctly different income streams.

Are there any distinct advantages to one or is it more based on my credit score, debt to income ratio and down payment as to which may be more advantageous at the time of purchase?

welcome to BP's Lisa. we are in Lakewood, and carry the distinction of being the longest running newbies on the forum. best of luck