I also had a couple hourly guys I needed to keep busy for the winter so this was a good fit all the way around.How did you find this deal and how did you negotiate it?

@Christopher Dolan ultimately that decision is up to you, but I would start by conducting a survey of all other rentals on the market and figure out where your rental fits in based on condition, quality and location. 

It's worth talking to the PM to see what they will allow and whether your plan fits into their processes.

I would not bank on appreciation, but I buy for cash flow anyway so the area fits my criteria.

If you’d like I can connect the two of you and you can decide if she’s a good fit for you.

@Armand Arellano Currently looking for a better fit my self.

We spent 4-6 months analyzing markets and came up with Indy as the market that fit best with what we are trying to do.

I understand the rules for judging rent and ROI but I'm curious what things everyone looks into to make sure deals are a good long term fit.

I have looked at various investment calculators to determine if it would be beneficial from a cash flow standpoint - but they all are based on purchase, down payment, etc and don't quite fit with our situation.  

I have plenty of earned income from my job to work with.There are multiple offers and the seller has stopped allowing viewings, hence the cash offer and the urgency of figuring out if this fits my goals.Thank you for your help!