For example, how do you track the shape of the roof, find out about leaks under a window on the exterior side, or any other big issue that the tenant may or may not know about? 

@john @John Warren Thanks john, it will be crazy to expect 3 or 4 cap for south shore. all i wanted to know is whether or not there will be a Upward trend in pricing for the coming years with fundamentals getting Improved

We plan on going up this month and spending some time there to whip the house into shape. 

Yes, the property values are reassessed triennially (every 3 years) across the board, but they also adjust the effective tax rate when they do so (they use the term "mills" to describe and calculate this), so in most cases if your property is just sort of keeping up with the value trend for its area you will see a fairly minimal tax increase.

Two weeks - never ever do that to yourself - The bathrooms aren't in bad shape- just need updates.

The house is older and likely would need upgrades and repairs to get into a good shape, and the neighborhood is not very desirable.

Ie is this a trend of a blimp for one month.   

Now, having said all that, house hacking isn't necessarily easy (if it were, everyone would do it)...it's just easier than the more advanced strategies...House hacking still takes significant due diligence, skill in analyzing the market and the property, time and effort to learn about tenant screening and property management, the ability to anticipate appreciation/depreciation trends, etc., etc., etc....and even with lots of skill and preparation, things will still go wrong (vacancy, plumbing leaks, bad tenants, etc.)

You're forced to learn about debt, market rents, investor returns, macro trends, sensitivity analyses etc. in order to underwrite effectively and help your team navigate getting that deal closed.

Largely related to the affordable market, the healthy economy and strong migration trends make it ideal for entry-level buyers.Indianapolis metro area new-home sales have increased 2.9% year over year to an annualized rate of just over 6,600 units in June.