Do I think prices will dip in many markets, sure...because interest rates are increasing and demand is coming on...this is nothing new, this is just the market cycle.We are aggressively buying and here is why demographics for our market (greater Portland OR) are very favorable, it is the most affordable major city on the west coast...even still with massive amounts of people moving in vs. moving out.The second reason is those interest rates...we are long-term buy and hold owners, so I WANT those lower rates, if I wait I might bet a lower price (or I might not) but I WILL pay higher rates or possibly not be able to finance at all. 

It might turn out that you don't rehab at all for now other than some paint.Tenants will be hard on your floors, walls, cabinets, landscaping to name a few things.

I am not as familiar with the investing landscape in Northwest Indiana, but I know that @Brie Schmidt is connected with someone that knows that area well. 

For example, my average 2000 ft home needs on average $20,000 in upgrades to be ready - so $10/ft has been my average ( carpet/paint/granite kitchen/wood & tile floors, plumbing fixtures, landscape, hot water tank, HVAC repairs, $1-2K in Home Depot items as well).

What sort of demographic are you targeting?  

Shoveling snow, keep sidewalk clean.Over the years, based on our experience with tenants:We now use a landscaper who lived in the neighborhood.

Hi, everyone!  A friend and I were having a discussion about the correlation (if there is one) between being a financially successful agent and population size.  I figured asking professionals on BiggerPockets was the...

I tell all of my landscaping clients that I invest in real estate and one of them reached out to me after bugging her for years.

You have a different demographic of tenant, with higher turnover, and ultimately higher costs.

They asked her to change her landscape contractor (why she didn’t have the landscape be her renters responsibility for a b/c class house is beyond me) and she has literally changed almost every appliances (not even that old) in that house just to keep them quiet.