But make sure to check out the BP book store here also.

Given your goals, Indy could be a great fit—affordable pricing, solid appreciation, and strong Section 8 demand with reliable property management options.

I make sure I screen each potential tenant thoroughly (background and credit checks) and require references.

Not sure what you’re bringing to the table beyond willingness.

@Curt SmithI'm not sure why you think that me offering seller finance means that I am a preditory lender.

@Eric Martin I'm not a sure experience investor, but I can suggest you to look at Lansing MI, single family properties.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.Thank you @Michael Smythe this is very helpful! 

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

So, make sure you ask. 

Make sure you get the entity structure right or you’ll pay more taxes. ...