Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.

In this industry, people know people very quickly and reputation is everything-- when working alongside others on their financial futures/supporting local economies, truth is the hallmark of success.

I wanted to see if there was anyone local to Purdue University that is involved buying or selling real estate.I am an electrician with backgrounds in mechanics and control systems(more information in my profile) and id be more than happy to share my skills in return for mentorship or just to network.Otherwise I was wondering if there are investors in this area (Tippacanoe and surrounding) that could shed some light on this area regarding how difficult it may be or areas to stay away from. 

I reached out to a local bank that knew the property, and asked for the commercial lending department. 

So, perhaps they might want a copy of the plumbers invoice or to come look at what work was done. 

Contacted local DSCR loan officer and was told the best rates would be 7.325% with 30% down and that’s with two points.

Here are some tips to help you make an informed decision:Research the Market Before Making a DecisionIt is important to research the local real estate market before investing in a property.

Find out about investment meetups and groups in your local area, and find out if there are any players that bring in partners.

Just search for that term, get plugged into local real estate groups in your area, and seek out training or an instructor on that subject.  

Just another “illegal taking” my your local government.