It's also convenient that you live close to the property, which allows for easier management and oversight.As for financing, I understand that your bankruptcy in 2017 has posed some challenges for securing a loan.

Anyways short story you can explain to any seller what you like todo, but life is life and it can change and when it does the seller will find ways to secure their interest.

Consider a hybrid approach, starting with a property closer to your current location in Indianapolis while building knowledge and connections in Lafayette.

@Maryam Mostafa chasing a 12% Cap will require:1) High risk properties Class C or D2) Getting lucky and getting the property under market value3) Doing a LOT of hard work to find an owner willing to sell under market value4) Doing the above to find and reposition a poorly managed propertyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

There are rehab grants available; depending where you are located.

You then have a set time limit to locate a suitable replacement property that complies with IRS LKQ guidelines.

for 1050/month all bills paid. they claim this cash flows 3600/month (4200-600). the math on that is they say electric is 90 unit, trash and water is 50 each for all 4 so theres your 600 and say they can provide receipts on all this. it's located  a handful of miles, about 6-8, outside the nearest small town with a wal mart etc.one thing is it seems better apts, in town with 600-800 ft, go for more like 1k no bills paid. even adjusting for the all bills paid part, i feel like 1050 is aggressive on these. otoh near me some crappy tiny apt with mold and everything go for 750, and these are much nicer than that. i think 700-800 would be an absolute floor on what they could rent for.i guess i just have no idea for example, insurance?

My initial thoughts would be to secure a construction loan for the total rehab amount based on the entire property's ARV.

Across locations?

Looking to partner with with more experienced investors or surround ourselves with folks with the necessary experience and/or skill sets to find deals secure necessary funding as needed to close.