Indiana has the best combination of landlord friendly laws, low prices, excellent price to rent ratios, and low taxes.

It's a combination of both plus (and most importantly), you and your team's ability to execute the value-add business plan.

I can't remember why I picked them over the competition, probably price combined with feature set.For me, they have a huge number of features and is critical for keeping everything in line.

You can either update it more, stage it with modern furniture (remove family photos, knick knacks) or drop the price.

I think that combined with it being nearly a gut job is what made other investors pass. 

I have not regretted spending the extra money at the start as it saves on headaches down the road and puts the electric up to modern code. 

Was it the location, rents too high for business model, bad operator, bad ingredients and menu, or a combination?

I have no idea if you can get approved or not, but all the reasons you've been given so far are a combination of BS, overlays, or just bad info.

Flipping houses and owning rentals are only similar in the sense that the underlying asset is property -- beyond that, they are completely different strategies that fulfill completely different investment needs.Every investment strategy requires you put in some combination of the following:- Time- Cash/Credit- ExpertiseAnd every investment strategy generates some combination of the following:- Profits- Cash Flow- Tax BenefitsWithout knowing what you have to put in and what you're looking to get out, there is no way anyone can recommend a particular path.

As this article highlights, there are some big, modern, exciting things happening in the Magic City, and our ambitious new Mayor is focused on bringing Birmingham - and its reputation - into the 21st century.