Hi Jane,Based on the details you provided, since your expense of $4,200 was used to replace the fence, this cost is considered a capital improvement rather than a repair.

Just keep in mind that portfolio lenders will want to see the overall cash flow and occupancy rates across the whole portfolio.Get ready with a detailed financial analysis.

The wholesaling doesn't make sense to me if you're going to be an agent.No on out-of-state investing unless you actually fly out to that city multiple times, get to know the area in detail and establish a trusted team - this takes several months at minimum.

I even lived in the Indianapolis area so I knew the market, now more to a detailed level. 

Are their listings detailed with good-quality photos?

You can read the full details here (https://www.bls.gov/news.release/pdf/empsit.pdf), but let me summarize what it says and why you should care about this specific release.1.

Lenders and borrowers can benefit significantly using the detailed and market-specific data that AirDNA provides to make an informed decision on a property.

We learned the importance of thoroughly vetting our title companies and double-checking every detail.

There can be a lot of details to this, and one can easily get lost in the details but pull-back and keep vision of the fundamentals as it really is rather simple. 

I found the above post useful and thank you for sharing the details.