Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

Factor in carrying costs (utilities, taxes, insurance).2.

It’s a tax office, so I suspect they might be waiting to see how their business performs and the impact of technology before deciding.Thanks in advance for any advice or insights you can offer!

I imagine I can get his wages garnished or maybe collect from his tax return.  

As far as rates I see them declining slower than expected but lowering nonetheless. 

To make a new property cash flow with current prices, interest rates, taxes, and insurance, you're putting at least 40-50% down.

Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

Also assessment never picked up those multiple sales and the parcel was being taxed at 8 acres. 

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible.