how is rental market in that area these days? 

Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value.  1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).  

This can be a great option if you don’t have the time or desire to deal with the day-to-day operations of managing a property.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I'm in Cleveland, it's like 20 right now but it was 60 3 days ago.

From day one. 

It’s been a pain going there every day for the past 4 weeks and looking ahead to have to keep going there every day for the next 4 weeks.

We also need recommendations for a reliable property manager who can handle day-to-day operations.We’ll be visiting Indiana in January or February to explore neighborhoods, meet professionals, and learn more about the market.

I'm fairly certain that FW doesn't allow STR so they have the minimum listing date be 30 days Love seeing a fellow FW investor on here. 

Buying a nice place for 250k that's worth 250k is less sexy than having equity from day one.