The rehab of the vacant was part of the business plan.  

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Cost of doing business and making a mistake...learning experience.Be careful with what you consider "market rate"....

But that is more of a business decision.  

1. coaching- all of the "coaches" were newbies themselves with about 1 year of experience and about 1 deal under their belts and they always disappear after 2-3 months and get replaced with new "coaches".2. networking- they have a FB group, populated primarily by other newbies. go there to answer questions, and it's likely you'll get other newbies saying "good question". there are lots of newbies hoping to get into a deal, but who wants to put together a team where every single person is brand new with no experience?

My wife and I are looking to start investing in real estate so we are eager to learn the ins and outs of the business. 

.- bonus points if I can have a separate business w/o having to pay 2x the cost, but it is what it is.- cost is an issue.

Weather cools, people are busy with school, resting from summer, prepping for the holidays, etc.

New business seeking first investment rental in Indianapolis and south of Indianapolis. 

This would be my first STR so I also am personally interested in giving this business model a try to see if I do want to operate in this space longer term and want to do this properly.