Believe me - it works like a charm.

Claremont is such a charming town - how's the market there?

Charleston is my little honey hole you will have to do your own diggingbut look at 45 aiken I built that one and sold it to Shep on southern charm surrounded by hood rat homes.. 7 1/2 woodal and 3 woodal check those out I sold 3 for around 400k and 71/2 is pending at 540k

@Mark CermakYou may have already read in some of my other posts on this thread, but if the investment model you want to pursue is short-term rentals, what about Arvada or Littleton, both just on the outskirts of Denver, both with charming little downtowns with coffee shops and bars and restaurants and both with light rail running through them.

the house has a ton of charm and potential i"m sure you will crush it!

Whereas getting residential loan on a place out of state may just be easier, in some cases.Out of state, can be great, though cat's out of the bag on Bozeman, MT/Asheville, NC/Burlington, VT charming destination places so you would have to be creative there anyway.

You're already buying the asset at a suppressed state.

Works like a charm, very easy.  

@Tyler Lingle Hey I do believe with the new Indianapolis building code once you get over 2 units you are required to install a fire suppression system which isn't cheap(10k). 

Also you can consider putting larger trim pieces in place and shutters if you want to add some charm.