I am putting in place what I determine to be responsible tenants that want to be home owners in the future.   

Aside from educating yourself, the next steps are to honestly assess yourself and see where you best fit into the equation and to build sponsor relationships because these will be very important for you as you start out.If you determine that you're best suited for the "finding money" part, then the content approach is a good way to get your name out there. 

If not, you are going to get pitched and sold and DM'd before you even know what's going on.Bay Area investors invest all over the US, but you don't want to just pick a random market because someone in an internet forum told you to.

These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc.  3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.

An investor should actually work backwards from their Target ROI, to  determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

I am guessing in Muncie the cap rate is probably 8-12% cap rate so take the NOI and come up with a comparable cap rate to determine the value. 

The closing attorney or Title company may be the determiner for an answer and usually at this point in the process as an agent I'd defer to them.As an investor, I think I'd want all this squared away before closing so maybe check with the attorney/closing company.

Any quack on the internet gives out ESA for a couple hundred bucks and landlords left and right are accepting animals they do not have to accept.As I said though, there are some ESA that are actually real, but still not protected and then it's a landlord decision.

FULL STOP  Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.

This means that buyers in our area are, on average, acquiring the house for 98.5% of the listing price.ex: Listing Price ($250,000) x 0.985 = Sales Price ($246,250)The data will provide guidance as we determine your next investment!