Somewhere between 10-20% Annualized is realistic/attractive. 

Hello Everyone, My main interest is multi family properties.

Does anyone know of any real estate investor groups in Indiana, mainly in central or eastern?

One of my main reasons for that preference is because I would prefer for the electricity to be in the tenants' names.

Hope to see you there.NICIA.org Main Monthly Meeting 6:30p-9:00p Indiana Wesleyan University 8415 Georgia St Merrillville, IN 46410

One of the main banks that I use for that is based in Wisconsin and does not lend in NV.

What attracted me to this property is that it is sitting on a 11,144 sq ft lot.

Thats the simple answer mind you.If you are wanting a SFR for your main residence then you either need to make sure that the rent you get, from the unit you use to live in, covers your new mortgage in order to keep the same cash flow and savings.

Like you mentioned, @Jay Lohn, it seems like a reasonable investment in tenant retention.Since we're currently owner occupying one of the units, there are some pretty attractive improvement loans that we could take advantage, so may now be the time to do it.

Credit union is the best source of financing if you can secure it.She's asking you for a business plan basicly: monthly projection of your payments received from rent and your payments on bills like taxes, insurances, property manager etc.Let's say, you want to buy a house for $70K, update it for $30K and you think your rent will be $2K/month.Then you make a payment plan for each month what is going to be paid: January+July - taxes $1020 each; March - insurance $870, every month water/sewer $50 (if you don't plan on Tenants to pay)When you make it an Excel table, there will be each month left cash flow, which you then add with mortgage payments.That's one of the main projected financials: your cash flow.Income projected as an income&loss statement: $24,000 income from rent                   $2040 - taxes                   $870 - insurance                   $600 - water/sewer                    $2400 - PM                     $4,000 - interest on mortgage- depreciation - maintenance- other expensesWhen you talk to the bank,  they should see positive numbers, not just that you know you'll pay.