Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.

If you want to figure out the value logically, you can create a spreadsheet that will show your cost of financing and principle paydown on an annual basis to figure out the break-even date between the seller-financing price vs paying market price, but with bank financing.You mentioned a 40-year term, but is there a balloon?

Once you’ve got some experience and equity built up, you can more confidently move into multifamily properties when the right one comes along.That said, if your goal is to scale into multifamily, don't lose sight of that.

I bought sight unseen out of state (Indianapolis) - I don't recommend this but I do know experienced investors who buy OOS and never see the property in person but they have a  higher risk tolerance than me. 

Same principle 

In fact, it’s intensifying—and real estate firms, whether they focus on residential or commercial properties, are squarely in its sights.

Anyone know if paying 1 huge principle payment at the end of each year would pay it off faster verses bi weekly payments?

Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

And with commissions and delays in buying/selling, along with missing out on the rent income, and losing your loan position where you are just starting to pay down principle, you lose.I'm not forecasting a recession, or skyrocketing appreciation.

But, sustainable success in real estate is built on first of all a thorough knowledge of real estate principles, real estate law, and real estate finance.