There is still quite a bit of upside for this property as well current Fair market rates for Section 8 in Gary for a 3bed is 1539.

I'm fairly new also and have started investing in Northwest Indiana, specifically Gary so far. 

This is not great compared to areas like Gary Indiana where rent is $1500 on a place costing $100k but the social advantage makes me feel better as less investors are willing take lower profits (less land lord competition) - and I know the returns will come in equity in the areas I want to invest.So the core questions - 1. would DSCR work well for me?

Hi Gary, Welcome to the community- There are a lot of good professionals and resources here on bigger pockets to learn and grow. 

Here are some steps to help you get started:Education and Learning:Read Books: Start with foundational books like "Rich Dad Poor Dad" by Robert Kiyosaki and "The Millionaire Real Estate Investor" by Gary Keller. 

Thanks, Gary Neely 

I'm Gary from Israel, passionate about real estate investing for 14 years.

@Golan CorshidiI do not invest solely based on appreciation I invest based on area which if it’s a good area then yes it should have appreciationTwo assets I have at first had little to no cash flow in them and ten years later the cash flow is there as well as the appreciation because not only were values increasing but so were rents in that area - and this was pre covid This answer also is based on your time frame or horizon - I invest long term and find again investing in good areas is a great way to build wealthI would rather have 1 $500,000 asset in northern Virginia than 10 50,000 assets in Gary IndianaOn paper will Gary have a lot more cash flow - yes - but in ten years who has a higher net worth - it will be that one property in NOVA

I bought the audio version of "the Millionaire Real Estate Investor" by Gary Keller from Audible recently.

I was thinking of going to Gary, Indiana to invest and do BRRRs with my own cash instead of getting a hard money lender involved.