We are very conservative when it comes to finances and we are trying to step out a little bit.A little recap (maybe with slight variation)Estate sale (with strong cigarette smell)assessor value: 54400ask: 49900initial offer: 30,000 (ultimately 32,000)He said that they already had an offer of 35K.

Indy is a great market for cash flow....but as others have said....you really have to know what you are doing here....we have a lot of variation within the matter of sometimes as little as 5 or 6 blocks.Also, for others reading....I don't buy duplexes in Indy, and I live here and know the area.

In fact, in some cities there are variations in regard to areas.

They arent cheap, between $49 and $99 - but have letter variations, and other fun stuff that looks really, really good.

Hi all -I know variations of this question have been asked, but I mostly see it in relation to flips.

Now there are probably smaller banks or credit unions that may be willing to do 10% down, 90% value loan, or other piggy back variations if you are trying to avoid PMI but keep a lower down payment.

Check out the variation of the “As Is” prices for $30k rebuilt homes for $300k+; probably a good sign that there is upside potential.Regarding the best returns on rent areas, you will likely struggle with cash flow in A class areas like Dublin/Upper Arlington, etc, but have better chance for appreciation.  

Typically HML covers up to 85% of purchase price + 100% of rehab (or some variation there of). 

You can either send a letter, a postcard, or a variation of both over time.

I have seen tremendous variations in underwriting guidelines, rates, and requirements with banks that are literally across the street from one another.