Thank you all very much for the welcome and words of encouragement!

I would encourage you to network through the two local REIA groups and multiple meetup opportunities in Indy to meet like mined investors.

Eradication of sugar ants or other kinds of ants does not happen overnight, so encourage the tenant to be patient while you address the issue together.What does your rental agreement say? 

@Frank CasiThis isn't really a directly answer to your question, but I would highly encourage you to double-check all of the numbers/calculations yourself and not base any decisions based on what you see posted on others' websites.

My comments here were to encourage all to move forward and learn to operate at the highest level and be successful.Come see my latest deal at "my first mobile home flip in Southern California" on bigger pockets  I picked this home up on short sale for 50.13% of ARV.  

Can´t imagine what´d I´d say other than that, besides encourage you to stick around here and share your experiences with other forums members - everybody can benefit from your input, whether they be in your shoes, before, or after.

I often would help my aging landlord with repairs, encouraged him to raise rents that were lower than what they aught to be, and taught him to advertise on Craigslist for tenants. 

I encourage you to read "The ultimate beginner's Guide to wholesaling"by Brandon Turner. 

Typically policies max out at $300k liability cover but if you are high net worth we would encourage an umbrella policy of at least $1million. - Jared

So encouraging to hear from experienced investors like yourself.