This should he obvious.

They wanted me to pay off $14,000 of debt which i did but when I walked away from the closing table I paid a total of $12,746 in additional closing fees.14,000:Debt$12,746: Closing cost on new houseTotal cost: $26,977Netting me only $2,400 from both closes.I felt like putting my head through the wall as the information I was given from my loan officer was nothing close to what happened.

Michelle,Is is 20% annual interest or total for 3 years?

Obviously before you do any of that you would need to see the rent roll and the T-12, and do a quick analysis of the numbers.

It's a total gut - right down to the studs. 

My biggest worry is buying all the furniture and items we'd need to make the space a BnB but then it totally failing.I don't want to spend all that money if I'm not going to make it back.

obviously no one can know what the future holds, just trying to understand if indianapolis is the right market for me.example source - https://gordcollins.com/housing/us-housing-market-... only market listed with negative forcast is indianapolis

The difference being that the buyer's policy does not cover total replacement if the house burns down and it essentially just covers your investment in the house. 

I am a licensed realtor in PA, so I have specialized skills in other obvious areas of the business.We have a few approaches that we've considered in how to deploy our money for it's first cycle, and would appreciate some feedback from those with greater knowledge.Between our liquid assets and access to loans, we have the option to spread our nest egg out over several projects.

Total time is usually less than 6 months.