Once the study is complete, working with a real estate tax accountant will help you figure out the best way to use that information and ensure you’re maximizing your deductions in a way that fits your overall situation. 

I’ve flipped about ten homes in Indy and work closely with a GC and agent that know the market very well.

I wish you all the best as you expand your portfolio.

Fun scene and great weather but can get very hot in the summers to where it feels like you're in an oven when you go outside.

We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

They’ve painted, replaced things, upgraded, etc. prolly best the place will ever look.  

I’m a bit confused and quite frankly frustrated, as to what policy will best fit this situation.

Best to buy 2-4 unit, live in one, rent the rest.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

If Karen wants to continue playing games, might be best to file suit.

A very seasoned investor pounded it in my head years ago, when it comes to negotiations, "never say the first number." :)good luck