Our SRPD has no section in it which specifically asks if the seller has knowledge there was past fire damage (unlike for mold) to the property, however, the buyer's inspection revealed burned wood that had been sprayed in the attic.

I think you will find him a wealth of knowledge ..I have invested north of there and spent time there.. its why I asked about STR .. 

Hi Nina.I would also add, in addition to what you mentioned, a few others.Property Management knowledge is one which is different than knowledge of the local market. 

but, that's myself and you'd be best served digging through things to come up with your own because the journey alone will give great knowledge and insights to better understand the "machine" of it all. 

We have extensive land-lording knowledge and marginal rehabbing/project management experience; keep an eye out for someone you know of  that is looking for capital partnership on rehabs-flips, sub <-100 acquisition market.Thanks.

Check for Superhosts in the area with high ratings and reach out to see if they’d be open to managing your property.When choosing a management company or co-host, make sure to:Compare fees (usually 10-20% of rental income for STR management).Check reviews or ask for references.Ensure they have good local knowledge and can handle STR regulations in Indy.If you need further assistance or advice, feel free to reach out.

@Andrina MaximinIn my opinion turnkey is a good way to get started because it lets you buy a property and start renting it out with no rehab experience or knowledge needed.

I would be happy to connect with you and share market knowledge.

Another reason is just market knowledge and knowing what a repair of a certain type given material and labor rates in an area should cost. 

Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!