Often buyers need to make at least one offer and quickly if they want a quality STR.

I live in Milwaukee, have househacked in two different properties, am a realtor, and almost all my business is working with investors (house-hackers, out of state buyers, flippers, etc). 

I have found & recently looked at a property that I feel has potential.

I was drawn to Indy for its growth potential, affordable housing, and relatively high rents (and high demand).

Market value is what price a seller can READILY find a ready, willing, and able buyer at. 3.

We’ve seen some properties in our vicinity priced as low as $40,000 and are trying to evaluate their potential as good investments.

Know the difference between opinion and data.You think that: Foreclosure --> motivated --> dealAbsentee owner --> motivated --> dealProbate --> motivated --> dealBut that is not true.Here is what is more accurate:Foreclosure + motivated = Potential dealAbsentee owner + motivated = Potential dealProbate + motivated = Potential dealDistress does NOT imply motivation. 99.9% of the time, it doesn't!

Unless you can do some damage with about 30k which is how much you can potentially get based on your estimated value and remaining loan amount.

Hey Mohamed - I can't help with the tax implications, but as far as financing your potential investment properties, there are some things to be aware of. 

Partner Driven was interested in the Mumford Rd deal in Greenville, NC, due to its high profit potential and quick turnaround.