I will be moving, Lord willing, to the Indianapolis area in the next year.

Research wholesaling, flipping and land lording and see which fits your personality the best.

@Brad CashflowIt will vary slightly by state but the leases will transfer with the property.

The house is estimated to be worth approx $550,000.So like @Jeff Shumway @Brad Sneckner was pointing out, with a cash out refinance with my specific scenario I will only end up with 20% of the new value. ( in this case $550,000 ) I owe $440,000 on my old loan and the new loan I will still own $440,000.

I have a person in my community who is known as a “slum lord”.

@Brad Jacobson Thank you for your reply and advice!

This should get me started with some experience in both land lording and home management.

Land Lord Association, or Real Estate Investment Group.

@Chris Pasternak I’m 24 years old and my tenant is in they’re late 30s So he suggested i play middle man because people don’t usually show the same respect to younger land lords.

The industry is also changing fast with new resources and efficiencies coming each year so staying up to date is not going to happen in booksCheck out 300-3000 a podcast by the great guys at Evernest or Property management Mastermind by Brad Larson who is an industry leader.