Quote from @Patricia Anne Cawood: Can you give me more details about your deal first? 

@Tyler Rabanus your analysis was in the right mindset (covert the garage, renovate to add value), just this property was not working.

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

Think Indianapolis is a great market for investing - we just released a list of our top 5 markets for BRRRR Investing for 2025 (just an analysis and prediction) and we put Indy at the Number 1 spot

I provide free rental analysis when you're trying to determine potential rent values.

This analysis was for my first protege and was more thorough than the appraisal).  

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes ALL property types and price ranges.

Adding more details can help get better advice. 

I appreciate all of the detail but what information was provided to the agent that wrote the policy?  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!