You can ever use the income from the other unit toward your own income when qualifying for the loan.Good luck!

Planning for these expenses will give you a clearer sense of how many properties you can comfortably afford and what reserves you'll need to maintain in order to qualify to afford the property. 

The reason is that subcontractors can lien the property and title can be clouded.You also need to know IF you qualify for x dollar amount that you target.

Investment Info:Single-family residence fix & flip investment.

A 1-4 unit will qualify for residential mortgages while 5+ is a commercial mortgage.

I know that I would have to refinance out of the first FHA loan in order to qualify for another FHA because you can't have two at a time.

Do SFH's qualify if used as a rental?

Currently, I own a single-family home that serves as my primary residence.

To qualify, you must meet FHA requirements and have a low down payment of 3.5%.

Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.