We would be able to close out on the loan and rent at a 30yr mortgage, but no big pay out from refinance. 

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

This goes the same for calculating rents in the area, I what to know the real data.. i.e. from the MLS, or insurance from the broker/insurance agent to make the right decision.

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I was looking into fixing up and renting a single family home but I just want to make sure I’m starting off correctly.

Monthly Rent Roll is right at $11,000.00.

Looking to buy homes to rent and flips later on.

what is the rent and prior to covid what was the appreciation from 2011-2020?

A tiny home installed on rented land won't have a huge value and therefore won't have that big of a depreciation benefit.