I currently live in a house that is undervalued and has been neglected by the landlords.

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?

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I recently got preapproved for a HELOC at approximately 38,000 and the house is worth around 285,000.

Moving on, I've been house hacking for the past year by renting out a room in my house.

I currently work as a consultant, on a project that deals with a lot of risk assessment, identifying pain points for my client in areas of improvement, along with these types tasks, there is a lot of tracking and monitoring of multiple different requests that are going on at one time, as well as having to manage my team and personal to ensure we are meeting all necessary suspenses.

I've never been high on that market, personally. 

I fell in love with the negotiating an chasing deals not to long ago an discovered that's my niche and now I'm here to keep growing an connect with all sorts of amazing people. any advice would be much appreciated, I've been saving and saving an believe I have enough capital to get into one of the strategies, its 35k and house flipping seems right up my alley though the market an fear of not having enough capital is holding me back. any advice thank you!

He has since moved to Fort Myers and the house served its purpose for him. 

This spring I moved for a new job (currently renting myself) but hung onto the house to rent out.