Having processes outlined before you put your first property up for rent will greatly help with this!

Area shown outlined in red is set for redevelopment.

I’m not sure about Indy proper market, but you have to follow the demographic trends in the entire greater Indy area...the growth continues to push out to the outlining counties...that is where the opportunities are and where you’ll get better returns over time (i.e.

I will buy cash, subject to, financed, seller financed and sell on a LO but never again buy on a LO. 

I know there are a thousand post on this subject.

Your commission and your gain on a flip are both taxed as regular income and subject to self-employment taxes.

In addition, please be aware that any message addressed to our domain is subject to archiving and review by persons other than the intended recipient.

Whether or not its a "wise" purchase is subjective to your personal investment goals.  

@Zachary BellinghausenA couple thoughts.......Your notion to combine equity and buy something larger makes total sense to me.You can sell subject to the lease.

We revisit the subject of LLCs with our accountant every year to see if we need to make the switch.