The tenants each roll them out themselves on trash day and bring them back. 

However, if a property's equity has a higher and better use as @Ian Waters mentioned, I have sold to roll funds into other properties for downpayments or rehab costs. 1031 would be appealing for a residential to commercial upgrade!

So even if you wanted to roll the dice and owner occupy a hard money loan, it won't be enough for you.If you don't want to use your credit/income to qualify for a 203k loan that will require only a 3.5% down payment (96.5% LTV) then you will probably need to get an unsecured line of credit.

We generally do 12 month leases for new tenants and then let them roll into M2M beyond that.

This could be pushing things close to 200k.

The one flaw, which is not judgmental of your position either, but rather a fact that bears itself out over and over, as pointed out by Nicholas Nassim Taleb, having studied his materials very carefully, is that with the black swan manifesting itself, as a bad roll of the dice in Vegas, I could end up not only cash poor, but house poor too at the same time, and then really in a bad position. 

A 2-4 Unit is your best bet to gain maximum rent roll and NOI. 

It would've been implemented this year but got pushed off till next year because of covid.

Listing agent should be able to provide you an up to date rent roll.

I’m not sure about Indy proper market, but you have to follow the demographic trends in the entire greater Indy area...the growth continues to push out to the outlining counties...that is where the opportunities are and where you’ll get better returns over time (i.e.