Account Closed, I spend a fair amount of time in both SW and SE DC (both sides of the river).

Debt CAN be bad, but it is not per se bad.

I would get with the local REIA and se if they are doing anything to fight this and then join efforts with them.

There is nothing special per se about eh word since it is so overused today. 

On the buying side, there are not really "re agents" per se in most commercial deals.  

I hear what you are saying, but I am seing friends loose their homes becuse of this local law while others are selling since they dont want to deal with this any more. 

It’s really nice stuff we put granite countertops stainless steel appliances it’s not what you’re thinking as dorm per se… thanks!

Maybe they don’t have to manage the rehab per se but they could connect the investor with trusted and vetted GC’s or even partner with GC’s.

10/7/2019Aaron – thanks for the post….the price range and location sound realistic …good to se that you down payment is ample to avoid the mortgage insurance need and to keep the loan in conforming range ….I would think you could get a bit more than 1K per room depending on the location/ type of property / room size etc … even if the purchase pencils out slightly worse than the renting scenario , its worse considering as a step towards getting a property under your belt …ideas 1) buying a 2 or 3 plex at a higher price point but this would allow higher rental income 2) buy the property as a total investment property and rent for a larger amount per month …your down payment would allow this wo work ..thanks

Frequent reader, new poster here on BP, sorry to hear about your situation @Mitch SmithI'm a real estate attorney and contractor/investor in the Indy area (based out of Shelbyville, 25 minutes SE of Indy) and I'm seeing this happen far too often right now.