Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

As you get more familiar with the area and start to develop good relationships with people doing what you would like to do, see if you can help fund a flip of an experienced flipper with a good track record in flipping.

However, with careful planning and a proactive approach, you can navigate these hurdles successfully.

Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.

If you carefully review it, you may find FACTUAL ERRORS!

And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!

How good of an area is it in SD?

Nobody will take better care of your property than yourself and nobody will be as invested into as yourself. 

People care more about the appearance of kitchen appliances because they are in a public portion of the house as opposed to washer/dryers which visitors rarely see. 4.

Instead, investing should be a means to taking care of our needs and improving our life style.