It’s a single family house that I bought for $160k.

.: Hi Everyone,I am relatively new to rental properties and currently own 3 single family properties as rentals.

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There are also a few important laws to consider; including, 45-day return requirement for security deposits, the eviction processes, and Indianapolis' mandatory inspections for single-family rentals. 

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

And are you thinking single-family, multi-family, or something else?

Is it single level?

The three single car garage spaces are vacant and not durrently being utilized and can be monetized through rent.

Quote from @Michael Moya: Hi Bigger Pocket Community - Looking for some insights and advice on loan options for single family homes under $120K.

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