I understand doing an initial BRRRR on a low cost property so my subsequent information is something to ponder possibly only for future consideration.  

The city taxed the owner out of business, charging $21k a year in taxes, and all potential buyers were aware of this tax burden.We had other bidders, many of whom were churches, but they couldn't secure financing due to the high purchase price of the building.If folks like Former City Councilor Sarai Rivera were so worried about what would become of the building, they should have come forward before the sale.Personally, I'm glad they didn’t because it's one thing to be forced out of business and have your selling options limited by the city's burdensome tax policies.

I don't have a formula that I use and I'm much less concerned about cash flow than I am equity, although the potential added cash flow in your situation is a really nice bonus. 

I'm not sure that someone's past performance in the market will be helpful if you are trying to assess your potential future performance.

any "profit" potential is long gone.  

I’m a wholesaler and was told to NEVER leave a potential buyer and seller alone together during a walk-through because the buyer could go around me and try to steal the deal.QUESTIONS:If I’m under contract with the seller and it’s filed with the title company, how could a buyer do that without it being breach of contract by the seller?

I've been looking into the Indianapolis market recently as somewhere I might want to invest in the future.

NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.com

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

They potentially could get someone to lend but the fees will be pretty high which could cause some challenges as many won’t want to touch itWhy not just sell as is ?