Feel free to reach out if you have any further questions!

The layouts are easier to work with and manipulate to make the space feel as modern as possible. 

You might look at vacancies on FF close to your location to get a feel for what the market is.

It all comes down to picking the right areas that work well with your personality and attract the type of clientele you feel comfortable working with. 

If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.

I'd also recommend joining a local Indianapolis based REIA asap. the REIA will provide a group of investors who could get you some contractor recommends if you decide to GC the prop yourself.You said it "needs a little work done" but budgeted $50k so those two things kind of contradict unless the home is a larger home...just curious, what's "a little work", if you haven't had an inspection yet and don't feel comfortable evaluating the costs on your own?

If you're ever looking for any additional advice/information feel free to reach out! 

Feel free to reach out to see what we can offer.

You’re the insider who can ring someone up, say you’ve got a contract on a property ripe for a cosmetic upgrade, and watch them perk up.I’d say give it a whirl, see how it feels, and don’t hesitate to tweak your approach as you learn.

Feel free to reach out if you need anything!