Property: Cherry Field DriveSq Ft: 1750Year Built: 2000FeaturesAtticCable ReadyCeiling FanFlooring: Carpet, Hardwood, Linoleum / Vinyl, TileParking: Garage - Attached, 2 spaces, 72 sqftPatioPorchSecurity SystemSprinkler SystemAppliances IncludedDishwasherDryerGarbage disposalMicrowaveRange / OvenRefrigeratorRoom TypesDining roomConstructionExterior material: VinylRoof type: OtherRoom count: 8# Stories: 2.0Structure type: OtherUnit count: 1OtherFloor size: 1,750 sqftLast remodel year: 2000Laundry: In UnitI saw the house a few days ago and it was really well taken care of.

For example, spending $3k and installing new luxury vinyl plank floors may only increase the value by $3k. 

Built in 1922 1 car garage Asking price: 16,900.00Last sold for: 3,500.00 in 09'Assessed at: 19,700.00Projected rent: 575.00 - 600.00Taxes: 1400.00 annually Insurance: estimated at 800.00 annuallyPositive : vinyl windows, good roof, updated100 amp electrical throughout, fresh paint, Negative: no furnace, no h20 tank, needs gutters, needs kitchen and dining flooring, needs carpet in 2 beds and living room, plumbing to kitchen and bathroom id assume from no heat,Seller states: rent to own option available, seller financing available, seller will assist buyer with closing costs.

It's in a great shape and has an 8" lap vs 5" if we go with vinyl.

And don't do carpet (use laminate, vinyl plank, or tile) and you would be surprised at how low your turnover costs are as you'll typically just need to paint and clean and do some minor repairs (gfi's here and there, appliance here and there).

One piece of sheet vinyl for a bathroom floor if it is a rental.

We got to a point where we decided that we had enough of the stench, the brown drainage on the walls, the burn marks on the window sills and sink tops and vinyl floors and the butts everywhere. 

Some random things to know about me is that I love to strength train (I have and plan to again compete in Strongman competitions), I hold a PDC (Permaculture Design Certificate...which basically means I love working with nature), I'm currently learning to be a DJ (like, learning how to scratch on actual vinyl type of DJ), and I am a former Army brat (so I'm not technically FROM anywhere, but hey "It's not where you're from, it's where you're at").  

Plus the inspector discovered they had used < Sched 40 plumbing PVC for the u/ground conduit.

Typical Indy example (class B property, late 90's, 00's vinyl village):PP:    $120,000Rent:    $1,200Taxes (assuming same assessed value):   $200/monthLoan:  $96k (80% LTV) @ 4%, 30 years....