What kind of calculations should I use to determine whether or not this is a good idea?  

I have been investing in Indy since 2017 and your strategy would be the determining factor on location and the type of house you'll buy!

Then a Civil Engineer, an Appraiser to determine what having a four unit would be worth, then a loan using the evaluation.

What’s the best way to determine if a lender specializes in conventional, commercial, hard money, non-QM, or DSCR loans?

Because they aren't traditional tenants in the sense with a 1 year lease and to determine fit for the house, I like to start everyone on 2-4 month leases and see how they perform.

I recommend determining your set price point plus closing cost expense and then calculating what minimum rent would be required to cash flow the property. 

@Jason Tucker  you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense. 

I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.However determine the Rehab Costs are only a part of analyzing a deal, you also have to focus on determine the After Repair Value of the property in the specific Area/LocationIf you’re focusing on specific markets and ever want to discuss analyzing deals or strategies, feel free to connect, Our firm would love to help you!

I am hoping to get a better idea of the value of the land to determine if it makes sense financially to start the foreclosure process (the two notices have been sent).