Welcome to BP and congratulations on having a plan and vision for your future.You've asked a lot of great questions, and I'm sure there are a lot of really smart people on here that are going to cause this thread to explode. 

I am familiar with Valparaiso I like the long term vision for the community and how popular the area is.

I teach my students to EXPAND THEIR VISIONS FOR PROFITS.....like the following:One question that I’m asked constantly: “Where can we find the kind of properties you talk about?”

Do you have some kind of "long term vision" or had you given any thought to where you wanted to be a few years from now? 

I understand renting for investment is all about the long term vision, but to even see if its worth it for me, since I don't have a ton of money laying around, I need to see what a proposed first year financial estimate of the profit vs loss may look like with a few assumptions.I don't understand how Ill be taxed and how appreciation/deprecation may play a factor.

I wanted to start to plan and prepare now to have a clear vision to ensure I am working toward my goal.

I have the drive and expectations that i'll have to work harder to make it on my own than I do working for others, but the visions of financial freedom are my driving force.

There are some amazing opportunities to be a part of revitalizing whole communities in that area, depending on how big your vision and plans are.

If you have a clear vision about what you want to do and can get this across to them, they will recognize that you are serious and should be happy to help along the way.

And i thought that a loan of that magnitude would be based more about the vision?