I currently own 1 "C" neighborhood and have had great success over the past 7 years.

In the past 5 months, we have put in multiple offers on REO, auction, HUD, and Fannie Mae properties, without much success.

I specialize in BTR duplexes in Indianapolis, and I’ve found that local connections are invaluable when assessing markets, especially for long-term strategies.Learn from Real Deals: As you move forward, it’s helpful to analyze real deals, even if you’re not ready to buy yet.

As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

Just make sure they won’t place a lien on your company.Equity Partner: Consider bringing in an equity partner to help with the $300K down payment in exchange for a share of the property.Renegotiate Terms: Try to renegotiate the closing date or lower the down payment amount.

If you can design the layout to maximize rental income, it could pay off in the long run.- Learning Opportunity: Having your friend as a general contractor at a discounted rate is a fantastic opportunity.

After the upgrades, we successfully sold it for $212,000 on 8/8/2024, showcasing our ability to turn properties into high-value investments and deliver outstanding returns.

Going to hold the two I have long term and try to add 2 or 3 per year.

Their lease term ended, they converted to a monthly rental, so they are only required to provide you with a 30-day notice.In the future, consider keeping tenants on a term lease.

In terms of taxes, I would look at refinancing down the road and getting a PITI mortgage.