I was drawn to Indy for its growth potential, affordable housing, and relatively high rents (and high demand).

Drafted a plan, gathered estimates, created a budget, put together DTI sheets, even got an "as-built" appraisal, and also have it in a permit status at the Local Building and safety office.Then I started to look into the construction loan and the permanent financing....to do it myself, and not through a builder.I soon realized that there are sooo many companies out there that want to try to help...but cant  (some of them were even on this network of people):  don't have builds on record, won't allow for owner-built homes, my credit is less than 680, while carrying the construction loan, there may be a point at the end where because i have my rental house while building that it become hard to pay, and  I can't pull out a private loan to help start process because my credit cards balances are horrible...and my "business" has no show of income.So, now we are here in the present time....   

However, I have a daughter at CU Boulder and it would be easy to check on the STR/MTR house while visiting.   

People are running their entire house from solar and selling back the excess to the electric company. 

The house was listed as a 2 bed 1 bath with 1150 square feet.

Whether it is to build out your own in-house PM company, renegotiate vendor contracts on your properties with your new unit count as your bargaining chip, or just build out a more robust administrative team, now is the time to do it to support your needs for the next market phase.

One was a 5 year HELOC that we did on a house we owned free and clear for I think 50% LTV.

Similarly, if someone slipped and fell at one of your multi family houses, they can only go after that one multi family house and not the other homes or house flipping llc.  

Quote from @Austin Prewett: The land comes with the house, so you're looking at the value of the entire property.The only reason to consider the land separately is if you plan to tear down and build on the land, but even then you are considering what the final value will be with a home built on it.

It's a 3 bedroom 2 floor house so I figured individual renters is not what to go for.