I was in banking for a bajillion years and now own a lender that specializes in this type of financing, so I feel I can answer the question.

These have been very grounding.I don't want this feed to turn into a chain of the same type of comments so I'll bring attention to what matters the most - two quotes from my original post.Thanks again all:)

I have people and crews I have worked with here in Houston and have some experience working with the City of Houston on these types of matters, but I don't have those same connections in Indianapolis. 

What type of strategy are you looking to implement; LTR, STR, MTR other? 

Purchase price: $219,000 Cash invested: $63,275 Buy and hold single family residence using a 203K loan What made you interested in investing in this type of deal?

just typed a whole long post to have the internet fail and lose it!]

I ended up having about 10 abandoned vehicles / RV's (some looked like meth labs...think Breaking Bad).What made you interested in investing in this type of deal?

The city is still economically not showing the types of growth that you’ll find in areas like the Lehigh valley which in my book are a huge pro.

What made you interested in investing in this type of deal?

This seems like an amazing way for all types of investors to get financing.