Looking at this property for a long term rental, possibly a BRRRR if I could refinance out after repairsAsking price: $85kRehab needed: $25kARV: $130kSingle family bungalow home in a c+ neighborhood (good schools, low crime)Cash flow with using a 20yr commercial loan like I want (20% down, low closing costs) would be around $150-250/month after repairs and capex. 

We have no debt, no school loans, both employed of course with a pretty good combined income.

Personally, having graduated 35 years ago from the Midwest I feel like the schools are horrible.

Details:Goal is to Owner Occupy Location: Type A *very close to great schools, downtown walkable locationHouse: 4 Plex 8 beds and 4 bathsSq Ft: 3,548Price: $425,000Mortgage: 20% down 30 year conventional Current Rents: 790, 985, 945, 910 per-month  *These seem low for this area and for the condition of the unitsOccupancy: 1 will be open for new owner to occupyInsurance: $180 per-monthProperty Tax: $415 per-monthAnnual Maintenance: $800Water, sewer, garbage, electric: all paid for by current tenants Cap Ex: $280 per-monthVacancy: $280 per-monthProperty Mgmt: $345 per-monthThe property has had many Cap X improvements over the past 6 years including, new roof, windows, refinished hard wood floors, paint, foundation work, plumbing, electric... 

Typically you buy for a bigger home due to expanded family, closer to work, closer to school. 

I got start by hiring mentors, reading books, listening to podcasts, and networking.I started investing in single family homes and fix-and-flips while in business school. 

I’m 18 in my senior year of high school and am looking for a mentor in the Indianapolis area for RIE.

I figured its best to wait to Cash out refinance since prices are so high right now, Also this way I will have more experience when I buy the quadplex AND I just started RE school so I should be a licensed realtor by then as well. 

I also control the 117 acres on the North side of Evergreen parkway and West of Jackson School road.. long battle moving that into the UGB but we have it at a price were they can throw this stuff at us I know we will be doing major road improvements.. but at least the state built the new freeway over pass and the roundabout LOL  those things cost 2 to 4 mil to build.. its a 2030 to 2035 project maybe 2040 and my kids and grandkids will be the winners

My girlfriend and I are graduating college in the spring of 2022 and we are looking to get our first house hack shortly after graduation.