The land itself is valued at about $18,000 so the grand total is about $122,000.

Your best bet is to pay down your credit card debt, it isn't sexy but paying it down gives you a guaranteed return of 15% or more depending on your rate, that sounds like a no brainier to me. 

I purchased a property located in Indianapolis, IN 46218, for a total price of $61,038.50, which included $32,000 rehab cost for this duplex.The rent from this duplex estimated to be $1,200 per month.

There ended up being 9 offers total.

Good evening @Meshael Eady,I totally agree... prospective house hackers should focus on areas they are familiar with and/or feel comfortable living in.

I believe it is a common theme that when a lender advertises 9-12%, 9% is for the highest qualified applicants and 12% is for the people who are just above the minimums to lend on (i.e. beginners with low credit).Usually, the lenders that go down below 10% are national hard-money lenders and will not allow the borrower to put less than 10% of the total cost into the property.

Not sure if that's standard or due to my type of account with them (Private Client...I have 3 IRA's, a solo-401k, and Rollover 401k so total with them bumps me up into their Private Client level banking).Their interest is non-existent (I use Ally.com for holding money @ 1.65%) but I've never had a problem with them. 

The total benefit here is $2460/year.

To me I count those things as probably more important than the actual deal itselfSo here are the numbers:Purchase price: 70KRenovation costs: 26K (I originally estimated 15K hahaha I wish)Closing costs: 2KAll in cost of 98K.Currently rented: 1200 per month.The bank appraisal with my local bank just came back at 134K and with a LTV of 75% I am eligible to refinance out 101K on the total deal.I am only refinancing 90K which will leave my all in costs at approx 8K on the deal.After PITI and reserves for maintenance, capex, vacancy, and management I will cash flow approx 200 a month with a 23% CoC return!

I like this property because its in another great location, has been totally rehabbed, and would start producing about $600 - $800 (Net) a month on a duplex.