My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy.

I still believe affordable housing is a great investment. 

House was listed $142K.

There is a guy near me with 6 small houses he rents , he has a waiting list .

Quote from @Vanja Dimitrijevic: Hello, I've been researching BP podcast and resources and am looking into buying another property to downsize from the current one but wanted to use the equity in my current house to purchase a new house in the area.

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

If you don't pay off the loan, you lose the house, the seller gets a foreclosure and you probably get sued.

You have to dig a little deeper there are questions that need to be addressed and VOE's filled out with specifics in order to use certain incomes and "stipends".Similar to a traveling nurse who get housing, meals, and other income. 

But by and large I like the construction as the sub trades are far more professional than most any one who is doing rehab work on houses..

Some are basically affordable housing and some are vacation type rentals.