That makes me wonder if those lenders will lend more on the places vs regular lenders.

Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

I'm wondering how do you all screen your tenants?

As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".

You don't need to design the townhomes; if you find a builder partner they'll take care of that part for you.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I wonder how people feel about the Wichita market now that rates are a bit higher and the craziness of the last couple years seems to be subsiding.

Wondering what we can do here to get past this.

The important things to consider about HOA fees is that they usually include some utilities: Water/Sewer, Trash, sometimes shared amenities like gym, clubhouse, pool, and they are saving you the time and headache for property maintenance: lawn care, tree timing, roof, siding, etc.

Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.