The problem (as you have cited) is trying to understand what you need (you don't know what you don't know), where to get it, qualifying its source(s), and the validity and usefulness of all that.Pardon me if I've gone into this too much, but I meet many people with the same concerns that you are voicing and this is offered, as much as possible in direct response to your post.Please feel free to contact me if you have any comments or questions. 

Your response also got me thinking about how this classification might impact the appraisal if this is not a mistake.Rick 

So helpful response 👍 

************************************************************My Response:@Luis Ramos: First, I want to thank you for taking the time to engage the post here.Now referring to Your Comment:"then deed back the property to seller and using a title company perform an executory contract.

@Alex McArthur-thanks for your response Alex.

Dan, I appreciate the thoughtful response, many things to consider and certainly a lot of great information.For the expenses, yes at 33% I would agree it is a little thin.You bring up some great points as it relates to opportunity cost and the payback period with a large down payment.

COMBINED FROM BOTH DUPLEX SO ITS ALL ABOUT PERSPECTIVE YES THIS YEAR WAS HARD AND HEART BREAKING BUT ITS ALL ABOUT THE RESPONSE AFTER GETTING KNOCKED DOWN ! 

Slow and steady for me, though!

However, since market shift / rate increase even these guys have slowed down quite a bit.Regarding regulation, I think eventually Indy will have to regulate against Short Term Rentals.

I added a clause in their lease that makes them responsible for weed and trash within ten feet of their space.