If you can get a few roofers (not handymen) out there to assess the situation, they could probably give you some options that would be tailored to your specific roof & circumstances.

@Cody M.I would add a Phase I Environmental Site Assessment as a contingency to any offers on properties more susceptible to environmental issues (dry cleaners, gas stations, auto repair garages, etc.)

Current owner is asking WAY too much (2.5 assessment), and they do Airbnb with it. 

Make use of tools like PropStream or Zillow’s market analysis feature to assess property values and rental potential.PS: Did you know that Indiana has one of the lowest property tax rates in the country, making it a relatively cash-flow-friendly market for new investors?

It’s smart to research the area's saturation on STR platforms to assess competition, pricing, and occupancy rates.

So at a  minimum you need to be firm that the rent is enough to cover your expenses (including insurance, PM fee, capital reserves for repairs)I'd go on Facebook Marketplace and on any Facebook Groups you find for KSU Housing and post it there (at a rent rate this is actually covering your expenses) and see if you get response. 

Investors who stay in tune with the local marketplace and apply the 70% formula as a guideline instead of a blanket rule will make their offers more competitive and their investments more lucrative.This post originally appeared on the BiggerPockets blog.

In your assessment, is the carpet in good condition? 

A condo HOA can decide they want to replace all the roofs, but if the bank account is low, hit you with a $5,000 special assessment.

Buy a few leads—start with a small test amount—and assess their quality for yourself.