Following - good question, and the way you posed it shows that you did your homework.

When they complete this you'll receive their credit report, and a background check.From there you'll have good insight to their 'level of fiteness' for your property.Shahin

Starting to regret our good will to help them because it's a hassle to get it rerented and they are getting on our nervesWe did put it in writing in an email that they owe us for the entire term but that we would work to get another tenant.  

Or a good ole revolver in .38 will always work... 

The main house(first and second floor) is in reasonably good shape for a home of this era - most of the original woodwork, flooring and tiling looks good.

Some folks are comfortable paying 10X, but you can find those deals all day long.Now, if it was a highly unique and rare property, I'm not as worried about the multiple. 

This is because I make good decisions on the front end by doing my due diligence.

On our end, as long as you have 720+ credit score and DSCR Ratio 1.0; you are good to go for 15% down payment on a DSCR anywhere in USA for Single Family Homes & 2-4 Units.

You will find that there is a good network of investors in Indy that are willing to help out.

All good for now.