Fund higher quality cosmetic / light rehab for durability and dignity for tenants.

The light rail makes it still an easy commute.

Are they familiar with what they should do for colors, amenities, etc?

I was barely hitting them with the 12 gauge, and he was taking them out of the air with his Glock 17...lol I could do that if the clays were the size of a a garbage can lid :)  We have 4 different shot guns for clays just to get variety  berreta silver pigeon 20 and one 12.. my old remington 870 wingmaster I used to use for geese and my grandfathers browning auto light 12 which is 75 years old but shoots very well..

Long-term wealth is it's superpower, and yes, you have a little cash flow to keep the lights on. 

Same as Isha here...would love to hear how things are going in light of the new market conditions.  

U already noted closest we put NO WIRE closet racks in our finish carpenter does all our closets.. the other thing we do is put a light in each closet on a switch small thing but man do they like that ..

Also, your transactional fees appear to be too light which only makes the profits more lean....$5k carrying costs between debt service, builder risk, general liability, taxes and insurance.....and $7K for the exit.

Here’s why:Affordability: You can find solid properties here well within your $200k–$300k budget.Cash Flow Potential: Indianapolis has a growing population, a diverse economy, and relatively low property taxes compared to some other midwestern markets like Cleveland.Investor-Friendly: Indy is landlord-friendly with strong rental demand, especially in neighborhoods near downtown, universities, and revitalized areas like Fountain Square or Irvington.If you’re open to a strategy involving light renovations, there are plenty of opportunities to add equity and boost rental income here.

I'll admit upfront that I would never own rental property in CA, so that colors my response.I'd offer the tenant up to $10K to leave immediately, keeping the eviction off their record, then sell.