For 1031 we need to rent it out for one year first at least, 4-5 months hold doesn't qualify for 1031, then just live there for two years are making more sense.If typical appreciation per month is 0.45% then it's $4k per monthI noticed from professional flips in the area, the ARV for 6 months hold could be as wide as 400-600k.There're a few homes in the area that I've seen they purchased a 2/1 for 500k, resell for 950k as  3/2 and converted garage to ADU.

But one fair housing complaint, botched contractor job, or prolonged eviction can quickly cost you far more that a property manager, so don't sugar coat it: Go in with your eyes wide open. 

While it attempts to define defective, it's pretty wide open.

I'm going to, as usual, agree with Shawn :-) Zip codes in Indy are to wide in variability to give any accurate analysis.If you could provide a rough cross street, would be helpful.

See below.Companies generally have a wide range of jobs.

If you have the ability to wholesale, flip, creative finance, list, etc then getting a wide variety of motivated sellers online is AMAZING!

I know one recommendation was to go to the local hospitals nearby and speak to their HR staff but that seems like too much work:)btw, I am targetting the NJ state but a platform that targets nation wide would be ok too. 

Just a bit about myself - I'm an American (married to an Australian) now spending most of my days here in Oz and still investing in different cities in the U.S. with various ground partners, including with other Aussies, in a wide variety of types of real estate investing such as notes, buy and holds, flips, and new developments to name a few.As previously mentioned in the thread, there are quite of few people offering real estate investments, many of which are extremely visible and active online.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350Insurance = $100Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely. 

Its easy to find, free to download and widely used in the state of Texas.