I hope you don’t have friction with your partner because the money got ahead of the work.I’ve had some success hiring workers for the day at the prices the gcs pay them $100-200 but have had my fair share of misses here too.

I think seasonality is starting earlier, but if people are starting this early, ahead of inventory bottoming, we could have a pretty crazy spring. 

If you are going into MF make sure you have a lot of cash sitting on the sidelines for maintenance and repairs.

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Repair costs in first 1 month of owning (this is renovated house done by seller, not me.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

Are you quoting net cash flow - after taxes, insurance, maintenance/repairs, property management if needed? 

Discussing options with my wife, we are looking to take ownership of the house, make some much-needed repairs, and getting it rented out.