I have family in Zionsville so I am fairly familiar with the area and part of the reason I started searching in this area.Any recommendations would be greatly appreciated.

A detailed scope of work is needed no matter what, this ensures you get what you want to be done at a fair price.

Am I missing something or do those numbers look fairly decent?

Read up on fair housing laws and determine your criteria for tenants, stick to it no matter what.

The tenant is getting the benefit of alternate housing, so I think it’s fair for the tenant to pay rent.

This will now make it much easier for agents and brokers to share and maintain information so cap rates in the area will become more transparent to realtors.As of right now your best bet on getting cap rates for particular property types is by contacting commercial brokers or commercial lenders.

- background Condo is coming out of an Estate Sale and needs work - recent market activity, data from last month, similar units -  (1) Estate Sale - As-Is - listed for $129,000 - sold for $134,000 - (2) Well maintained /Updated - listed for $149,900 sold for $154,900 - admittedly might not be looking at this correctly in that (2) might not be relevant - thank you for helping me

Is that a violation of fair housing laws pertaining to discrimination against income source (I guess in reverse for non-section 8 applicants)?

Either way, I'm fairly sure there isn't much you can do either way until the end of the 30 days, and I'd consult an attorney before doing anything like changing locks or posting letters before that 30 days is up.Just my $0.02, but I wish you the best of luck!

Knowing the requirements for federal fair housing ,annual registration and inspections falls on you so do your homework.