I so have another tenant at a different property interested in buying so I will definitely explore the owner financing option with them.

The though of investing in real estate both intrigues me and is something that I would like to explore.

I think you should be sure it's a good deal and you have a good idea of the rehab costs and ARV, because the quickest way to ruin your reputation in your market is to lock deals and throw them around to investors with inaccurate figures....

And just look at the reply immediately above yours, which repeats the same nonsense.I guarantee no more than three calls to established brokerages are required to list a house in any condition.Actually, it should only take one call to any decedent reputable agent/brokerage.  

I can't speak to Indianapolis but I know where I am there are some pretty incredible loan programs available if you speak with some reputable mortgage guys.

I will definitely explore building credit.

If you think it is a crappy deal... tell them... you will build a very loyal following if you have a reputation for honesty and professionalism.

I think the turn key with a reputable property manager is the route I need to take.

It's a great place to build an on-line reputation as a local professional.  

. - One thing that may be a possibility with your CPAs blessing would be to explore setting it up as a loan to you and after the fact contribute the property into an LLC.