I strongly suggest yiu take an Anthony boot camp.

It wouldn't bring strong enough returns.

You're only as strong as your weakest link ... select your partners wisely.Some of the cons of the 203k are higher interest rate, extra loan costs, and longer closing timeline (+15-30 days), but if you value the pros more, then the 203k is a great option! 

Can't say yet, but the potential as noted above looks really strong.

If it is a strong deal, wholesaling it is always an option.

If the guarantor also lives in Indiana, that is a pretty strong backstop. 

You pay to submit a written plan, architectural drawings or engineering plans, an inspection is done, staff makes recommendations, there is a public hearing where neighbors can dispute.

I've only seen 15% if its owner occupied with a very strong tenant business.

Based out of Minneapolis, MN and searching in Cleveland, OH I had some lenders say they are hesitant to lend since I won't have direct oversight from a couple of states away, even though we have completed our vetting processes in the area and made what we think are strong selections for our team. 

Then make a strong offer with contingencies.