I'm mainly interested in Highland, Valparaiso, Hobart, Crown Point, Whiting, and certain parts of Hammond.

Yes less down typically offers a higher COC return, the main thing that I would be worried about is that your total project cost is $152k for a property you say has an ARV of $139k

If the appraiser knows that the seller on 123 Main St disclosed a jenky water heater and water damage in the basement, he can/will adjust for it when doing your appraisal.

My main advantage is that when I get the Seller on the phone I have multiple options when it comes to income. 

It’s just not their main job to look out for the numbers we seek. 

Then You’re only putting in 20% of the $1303) other options... though those are the two main ones.

What is your main goal?

The main issue I see is when people try to buy in the "A" locations expecting to turn the house into a rental down the road.

If I receive a small cash flow of $600+/month, that is nice, but mainly I want to do it for tax deductions against my personal income so that I ultimately pay less in taxes and earn more throughout the year.Assuming I have a single member LLC with the property under said LLC, when I go to do my taxes - TurboTax asks me "Let's See if You're a Real Estate Professional"So of course I have a few questions:1. 

My main reason for posting here would be to probe the community for ideas that I may not have considered yet (since I have only been researching for a week or so).