I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.I have a great rate on my Primary home (in CA) and investment property so I don't want to do a cash-out refi.

During the conversation he mentioned that a lady who is the administrator for the estate that owns a mobile home  located about 1,000 feet from my driveway was getting ready to sell the property. 

In times such as this with high interest rates, or to have a competative offer, you might offer all cash at a lower price with a short closing time frame to a seller in order to get a good deal.

I would be happy to have a conversation about Indianapolis. 

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

@Tonatiu Ortega that's my specialty, I'm very involved in the 2nd lien conversation(follow me on LInkedin for more!).

And what resources/websites do you like use to analyze a market for things like: job growth, population growth, unemployment rates, crime rate, what big companies/firms are there/moving in, etc.? 

Once that amount is adjusted you'll have a loan payment updated based off of the rate and terms of the loan. 2) In you long-term expense estimates I don't see any assumptions for property management (7-10%), repairs/maintenance (7-10%), and vacancy (5%) so I would re-run your estimates based off of new expenses.

even with .95% with today's interest rates, they seem to cash flow fairly well.

Our low cost living, weather and current interest rates make for a very interesting investment in the area or in Florida in general.