Old West End might be a spot to explore for this blend, but it's essential to do your due diligence.If you need any advice on financing options for these investments, I'm happy to help!

I live in and invest in the Indianapolis Indiana and surrounding area and exploring the option of converting some 2 car detached garages into ADU's and just looking for feedback if people have done this is the past and it's  worth it.   

@Mirlyne AndreRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

-With 25% down, a 720 FICO and DSCR of 1.25, these rates are very high.I would highly recommend exploring other options.

For those that are on the fence about investing now, or waiting, or just exploring where investors can pick up some points of leverage, the primary area of focus will be in how the deal is financed.  

Agreed with above - explore every low cost option to collect, but ultimately, it is the cost of doing business. 

Here are a few options you might want to explore:1.

Explore private lenders who specialize in rehab projects.

It’s worth exploring in neighborhoods with strong demand for affordable yet flexible housing options.

It's also worth exploring the cost to separate utilities then see how long it will take to get a return on your investment