Ultimately, the assigned appraiser was known for being extremely conservative, and the final valuation came in at $285,000, requiring an extra $10,000 out of pocket to close.After closing, I raised one tenant’s rent from $750 to $1,180, and they chose to stay.

While many of these partnerships can be fruitful, some turn out to be less successful, with unfortunate outcomes that could have been prevented with proper planning and safeguards.For instance, we recently encountered a case involving an investor, or "money partner," who contributed $650,000 to a real estate deal facilitated by another investor, the "developer."

Using a 203k, you'll usually have quite a bit of equity that in 1-2 years you should be able to refi out of the FHA loan product into a conventional removing the MI associated with FHA loan products. 

@Bate IlondiorI would reach out to @Ronald Rohde.

For networking and education, I recommend checking out CIREIA (Central Indiana Real Estate Investors Association).

@Jose Saladin you will likely not get a CO (certificate of occupancy) to be able to legally rent this out.

Because now, legally, they have to disclose that if this all falls out.

While not everyone's going to create an Airbnb out of a 6-ton potato, her story does seem to have lessons for new STR investors. 

Find out what they are.

The inspector wanted me to add 2 screws to anchor the condenser and he did check for leaks at the gas connection (the gas connection that was flagged was decades old and I questioned if was before a permit was required but city stated it was up to me to prove that it was there prior to permit requirement).