We added value to this property by investing $20,000 in key renovations, focusing on improving curb appeal, modernizing the interiors, and ensuring the home met market demands.

Then compare current market value to what it would go for today with an added legal apartment.

First, you are at risk of the market.

It is tough finding off market houses to flip so I hope you find something. 

I am trying to create a system around the transactions itself from writing the contract, coordinating title, marketing the property, to exactly who needs to be contacted and when...to me thats the only way to scale!

Given how many gurus are marketing and pushing consumers to get into Airbnb arbitrage it has created a massive amount of saturation across many markets.

Why do you chose your strategy for the Indy area market?

I’ve seen folks inquire a lot about “cost” be exorbitant but it’s not for the world to set the payroll of the persons assistance they are requesting of.On another note, with that good of an LTV and DSCR - if credit is in good shape you should be in the low 7’s todays market.

You could also maybe use a right to continue marketing clause where you can kick out the other buyer if they do not perform in a certain period of time when a stronger buyer shows up.No legal advice given.      

My tip is to focus on what adds the most value to the property and the market you’re targeting.No matter how thorough your initial budget, unexpected expenses are almost inevitable.