heylooking to purchase a long term buy and hold rental property, budget is 70-80k cash only (oos investor), was approached by a company who assists in the whole process who recommended the indianapolis market as a growing market, with high yields compared to other places. leaving aside the question should i use this company (or any other for that matter), i am looking into the market, the buy/rent ratio looks good in terms of what i'm looking for and i can see the prices have really gone up in recent years, but when checking out the house prices going forward, it seems like most of the information i find talks about prices staying around where they are, some sources even show negative price changes. what are your takes on the matter?

I’m currently filling out a rental property analysis to assist with getting my loan approved.  

If you openly are seeking a mentor and the individual you are meeting with knows this I would think that is enough to imply you need assistance and do not know the inns and outs of REI.

@Kevin Buck As others have said we would need more info in order to properly assist you, but, your friend should look into the rules of the HOA first to see if the property can be rented (if he hasn't already). 

The property needs some repairs before I can rent it, and I’m in the process of having those repairs done.The insurance company is saying they need proof of a lease in the next 30 days or they will terminate the coverage.

BP is a great place to learn and get assistance.

i did. we verbally agree to 1000 sqft gross rent on 5 month trial for $1000 plus $160 for their portion of cmp and oil bill. with no security deposit by him and no repairs required by me. 

Instead we subsidize the cost for those who need the assistance.

Generally speaking, if you borrow 100K (70k for the purchase 30k for repairs/upgrades) what will happen is this: To close they will require proof of 1yr homeowners insurance to be paid, eliminating the need to escrow it because HML are short term solutions they will probably require it to be paid back within a year.

/Appraisal/Cash to Close$0 Repairs$73,000 Equity (compared to appraised value)$100,000 Equity (compared to market value)No agents involved in the transaction.Contract from excuted signed to closing 30 days What made you interested in investing in this type of deal?