With that said I am looking to do minimal work to renovate the home such as painting and adding new appliances.

Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.

I felt like I was constantly chasing her down for updates, which added a ton of unnecessary stress to the whole project.The design itself was incredibly disappointing.

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

Now, say in yr 2 you have to do added work and spend another $10k of improvements.

In the end, I added a ton of value by turning a headache into a dream home.

One effective strategy to maximize unit potential is to explore opportunities for adding extra units, especially in C-Class properties.

Adding a response here in case anyone stumbles across this thread in the future.

Added convenience and always surprises the buyer when they open a closet and see the laundry units as opposed to another linen closet.

I’m a realtor and investor in Indianapolis, and I’d highly recommend adding Indy to your list of potential markets.