When we do spec flips, we usually aim for sturdy long lasting upgrades with a little bling here and there, or nice ROI potential in the sales price, to make the house stand out from the others on the market.

If your property stands alone on it's own value, you will have a better opportunity to obtain financing.

There is this duplex community at 48th st and broadway off the 143 by the airport that's a little scary, I was going to wish you luck if thats the area you got this duplex

The tricky part is that where I live, the Indiana Brown Bat is an endangered species so you can't get an exterminator to do anything.

You cannot come into the picture at a later date and rewrite the terms of a contract that you are not a party to.

The good news is that most non-recourse loans out there that don't involve an ira do allow the seller or a private party to carry a 2nd note on the property.

BTW - Please consider uploading a personal image so you stand out a little better than everyone else using the default profile avatar.

The biggest part is to find the right deals. 

Learn on the one you stand to may money on.

Find an agent that works with investors, this part is KEY.