Yes, you get your benefit faster by improperly claiming this an expense, BUT besides it being technically incorrect it can affect your ability to get certain kinds of financing.

We are very much in hard insurance market with most carriers having a no loss rule going back 3 to 5 years depending on the carrier.

Fountain Square and Bates-Hendricks are popular, but what other neighborhoods do you look for good deals and low days on market to sell after rehab?

First, you are at risk of the market.

Then compare current market value to what it would go for today with an added legal apartment.

It is tough finding off market houses to flip so I hope you find something. 

Why do you chose your strategy for the Indy area market?

I've also brokered several properties in Dayton and find some good off market deals there. 

@Rene Hosman the answer to your question will have a lot more to do with your goals and if the market aligns with them.

I’ve seen folks inquire a lot about “cost” be exorbitant but it’s not for the world to set the payroll of the persons assistance they are requesting of.On another note, with that good of an LTV and DSCR - if credit is in good shape you should be in the low 7’s todays market.