Many times their cash flow calculation is using flawed underwriting.  

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

Now, I’m curious about real estate investing.I have some experience flipping a couple of houses, and although I have a ton of flaws, one of my strengths is being resourceful and assembling amazing teams—I’m always looking for people better than me at what they do— what seems to be a good fit for real estate.

They uncover a lot of problems with these properties.It sounds like you have enough to work with to appeal their process.

Also the idea that occupying a 'piece' or 'portion' of property allows for AP is flawed.

Some investors thrive in these situations, while others prefer clearer paths to ROI.Before proceeding, consult with a real estate attorney and conduct a title search to uncover any surprises.

Has some major flaws.

I don't rent furnished and others may be able to point out where this is flawed, but I would consider renting the furniture SEPARATE of the unit because that may allow you to collect a deposit on the furniture.

Most stop their analysis at LTC leverage which is a flawed approach.

What I can say is I recently did a home inspection on a property which uncovered a lead inlet pipe into the house.