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.

You definitely shined on light this.

@Marinelle Tan Did the planning department give you green light specifically on partitioning 1 JADU and 1 ADU units out of the main existing house? 

Working with a good loan officer or mortgage broker can help you to get your file set up in a way that presents you in the best light to underwriters.

I think it's great as it includes warranty information for appliances, type of hvac filter, light bulbs and general maintenance etc 

People also love the back deck with the string lights and a nice seating area. 

Sharing your concerns can help others learn and overcome similar anxieties.

There is recessed lighting throughout the unit, I am looking to get about 1,600-1,750 for the unit.

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.

Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?