Indy is loaded with 2-4 unit properties and if you follow the Gentrification circles you can find them and buy them on the outskirts where the values reap the best benefits.  

This is where the science of the program gives way to the art of the investor.

I have a rental property that I would like to sell because it is further away from where I live than I would like.

(b) Required Documentation (i) Limited or No History of Rental Income Where the Borrower does not have a history of Rental Income for the Property since the previous tax filing, including Property being vacated by the Borrower, the Mortgagee must obtain an appraisal evidencing market rent and that the Borrower has at least 25% equity in the Property.

With regards to the interest, where do the Applicable Federal Rates (AFR) come into play?

I think this is a terrible practice pushed by a greedy society.

Where is all of that money going?? 

We haven't gotten into the world of short term rentals yet, so I'm at a loss at what is allowed, what isn't, where to look - she is going to check with her mortgage and insurance.

What are some of the things you would do first to get an idea of what and where I should start looking?

There is a setting on Zillow where you can hide your phone number.