I have a great agent and property manager on the ground in Indianapolis who’ve been helping me along the way.

I wish we operated under Napoleonanic Law as we are helping the consumer with affordable housing options that they would not be able to purchase if they went the traditional route (or if they did their interest rates would be very high).

Since their lease expired 5 & 9 years ago(2 separate unit), can I file application with UC township to catch up previous rent increase ( average 2%-3% CPI Consumer Price Index increase)?

This is almost always something I try to do myself unless I don't have the time because it is time consuming if your new at it or doing it by yourself.3- Painting is only timing consuming.

I'd like to hear from people who've had success with the program.I found a great cash-flowing deal, however the property needs work to make it livable and won't pass typical FHA or Conventional standards.

It is way more difficult and time consuming than most people make it sound, and I have yet to meet a truly successful and honest wholesaler (have met many who are not either).   

A few more seasoned investors have told me, perhaps controversially, that most cities place such onerous zoning restrictions and are completely inactive in aiding affordable house because lower income and lower-mid income residents are such a net loss to the cities, i.e. little tax revenue and big consumers of city services.

@James Cloud What do you mean when by buyer, the investor or the end consumer (buyer of flip, tenant, buyer of wholesale)? 

It was very interesting and I am glad I did it, but it's crazy time consuming (I general'ed it myself ), ties up so much capital and is quite risky actuallly - "spec home" is short for speculation after all.

Most of the questions here are from folks who've already taken their first steps by reading, and determining what type of real estate investor they want to be.