This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

To all the other agents on this thread; what do sellers value most;- Relationship- 'Top' agent status- 'Touches'Oren

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

We are very excited to hear that you have found tremendous value in the RTR Academy!

As-is value: 5.

Please feel free reach out. 

Now they have moved out, I put it on the market for what is the market value for a rental.  

Back home I would make a packet for my appraiser and never had a bad appraisal due to the that I specified the value add and the Reno amount and broke it down so they saw the potential and it always worked.  

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.