We both have experience in these types of issues and we are local to the Indy market.

Thanks as always.RL Local PM here, we develop and have a wide portfolio, happy to model a cashflow analysis and if possible, find ways to increase your properties income.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

Not likely), vacancy (@ 8% for me), and a possible PM (10% normally).I recommend you reach out to a local seasoned investor and have them run your #s with you, as the #s depend on how you manage it (how hands on you are) and also local pricing.

Quote from @Desiah Barnett: Hello, my name is Desiah Barnett.

I’ll obviously contact a local attorney but any advice or suggestions would be helpful.  

We'll see real supply greater than real demand.Every local is different obviously, but I am talking in general.

It was off market, I paid a local bird dog $20k for helping to get it to the close and even including that $20k at market rate it met the 1% rule.Today my underwriting would not have a 1% ratio with 80% LTV as positive cash flow in class C.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

What's the zoning on the property and do you have a relationship or contact with the local rep?