Every action has an equal or greater reaction.

It's just playing with numbers at this stage) The attached report is based on the 2BR numbers, as posted to MLS.Those of you familiar with Indianapolis, any knee jerk reactions to this?

As you can see, once I run the numbers on this, I get an "Inf%" in ROI during the refinance phase, no clue why.My initial reaction was that this would fit the BRRRR model, but now I'm not so sure.

Walking the unit now, and me seeing damage might cause frustration on my end, and lead to an emotional reaction. 

You don't lose any money by doing that, of course, but you don't make any either.I know the reluctance to condos runs deep, I bet well more than 80% of real estate investors share that reaction, but I wonder if it's from their experience or if it's just that they are repeating the same thing they hear from others.

Or if the place looks better than the pictures (although that can ding marketing, but improve reaction relative to expectations.)To be honest, I am not a superhost, largely because of value being rated low and resulting overall rating.

Keep trying if you get a clerk who seems to be just giving you a knee-jerk reaction.

Some of this is a real correction of 4 years of abuse, and some of it is a knee jerk reaction to what has happened in the industry.Two big areas they tend to look at with these new guidelines -- what is happening to other sales in that county and that zip, and AVM's, which rely on county records.

We're focusing most of our energy west of I-71 in reaction to the lending issues, it's a slightly smaller market and so the prices go up a little and the number of deals / frequency you can get them at goes down a little as well.

My quick reaction is this is obviously a deal worth looking at.