Hey Manas,The Tenant Improvement (TI) allowance is typically negotiated between the landlord and tenant and is used to cover the costs of customizing or renovating the space to fit the tenant's needs.

Valpo is a great area to invest in, Munster is also great but Lake county seems to have higher costs.

I have about $100k available for down payment, closing costs and I'm hoping to have some left over for reserves.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

The port Authority has just begun construction on a new Business district located up by Pangborn Airport.There is a large road project building a second bridge over the Wenatchee River to downtown to help with future traffic flow the project's estimated cost is over $92,000,000.A secondary Road Project is also happening on the south end of Wenatchee Ave.

The financing cost behind hard money are usually more expensive than taking out a HELOC.

Considering general scenario 10% for property manager and 3% for realtor and manager say 5% or fixed fee the 1st investor cost is coming to 18% so adding 5-10% on basis of future deals and partnership I can think of 25% - 30 % would still be great deal for 2nd investor." 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You get the more reliable LTR revenue that could support the building costs and the STR revenue to boost profits.

AND textured for $2,000.Drywall guys like to tell you that texture costs more, but keep in mind that it actually costs them LESS to provide texture.