Long term hold, with buyer planning on carrying existing financing to term without the ability to quickly cure default — terrible strategy with huge risk for both parties.   

If a landlord was responsible for each replacement it would add up quickly.

I am working on a wholesale deal in the Morning Star area on Franklin Blvd and the seller is interested in a quick closing.

On the other hand, if you’re financially secure, the low-rate loan and potential appreciation make holding more attractive.

I can however relatively quickly add up to a 500 Sqft garage.

I'm learning that quickly the more I dig into things, thanks for the honesty!

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

There are at least two I found on a quick google search including Central Indiana Real Estate Investors Association (CIREIA) and INDIANA REAL ESTATE INVESTORS ASSOCIATION.

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

Problem with these is 1) they won't appreciate as quickly as those closer to the city and 2) it's a whole different tenant base, usually with a lot more management.