Hi Everyone!I am a new investor looking to get into the real estate game. I am looking for single family homes in northern Indianapolis for under 250,000. I want to get experience managing properties and get as much e...

On that priority, I'd walk.Personally I feel that these type of investments can produce monthly as well as long term, time will tell if I am right.Please don't take my thoughts anything other than professional critique were I looking at this property.

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.  

They actually sound like professional tenets. 

Build your networkDepending on your goals, you'll need a network of professionals who can help your business.

Commercial brokers from all main brokerages in the area, networking with other investors at the local REI clubs, joining professional association for building owners. 

I've tried the boric acid,borax, foggers,sprays, even professionals have come twice but I fear they will come back.  

Hi folks - I am looking to make an investment in a long term buy to rent, looking at around the $200-250k purchase price mark , ideally a lower mtce townhouse, or condo, and looking for capital growth and solid returns with young professional tenants.

@Caleb Heimsoth $1000 referral fee may be needed for a professional but I bet most people you meet in the street or the garage or at the open house  or the guy at a construction site will be thrilled with $500.

I got very basic siding, window, roof, basement French drain system, electrical, pool removal, dumpster rental... pricing simply by being honest and asking about cost.