I doubt it will be as bad as 2008...but it will happen. 

The analysis looks bad but I can’t look past the long term equity.

Your insurance will also be a lot lower because you're only insuring the space between the walls.The downside is that if the association is bad, then the building could be left to fall apart, and then you'll have a huge assessment for major repairs when they can no longer be ignored. 

Too many sharks and bad deals floating around for Indy...just look up Morris invest disasters

@Denise MunozI almost stopped reading when I saw it wasn't,  the 1% rule.......If they are selling for $84,500....the gross rent needs to be $845/mo minimum.....Check the real comps for the area....as opposed to what may be on Zillow and see if you can get them to lower the price.......If you inherit long term tenants there and you try to immediately raise their rents by 12 to 13% then you have a decent likelihood of making them become bad tenants.  

The smell from them bad boys will be so strong 😂- Works every time!

Austin’s lack of housing choices disadvantages first-time homebuyers, families with children, and middle and lower-income buyers.

I received some bad advice and went with an S-corp structure.Not giving financial advice but I was informed that the LLC doesn't have any real tax advantages because all the income passes through to the owner(s).

If the numbers work and you are confident you can cover the cash flow in a bad situation then do it.

Not a bad point @Amy Beth