Traditional lenders take to long to approve a loan.

For rental properties in Indiana for Single Family and Multi-Family homes, where can I find the information stated that Tenants pay for certain items and Owners pay for certain items?

You may be sacrificing other more traditional career path opportunity costs by going this route, of course. 

That is, is the work you are doing just a few punch list items, but the house is essentially habitable and ready for them to move in?

The major killers of condo income is the HOA fees and assessment fees that cover any big ticket items like major roofing repair, major plumbing repair or repainting the building just to name a few.When you really consider all the options, sometimes it’s better to invest OOS in a SFH and have a PM.To your success!

Be sure to check out the spreadsheet in my blog article as it has some good line items to think about when calculating the rest of the expenses.   

I think there are some tax effects to a HELOC vs. a traditional mortgage, in that HELOC interest may not be tax deductible. 

That's where the position of the buyer is much stronger than a traditional lender.

There were a small amount of negotiations around securing tenants in the downstairs apartment at the price they identified and cleaning up some odds and ends (asbestos abatement, fire safety items, etc.)

For me, this was actually easier to put together than a traditional loan or hml.