In reality, you're not going to want the kind of tenants that want what you have to offer but aren't in a position to buy.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

I'd like to have some kind of "dashboard" to keep tabs on all the mortgages, cash flows, etc. 

And what kind of protection are you referring to?

I'd also recommend joining a local Indianapolis based REIA asap. the REIA will provide a group of investors who could get you some contractor recommends if you decide to GC the prop yourself.You said it "needs a little work done" but budgeted $50k so those two things kind of contradict unless the home is a larger home...just curious, what's "a little work", if you haven't had an inspection yet and don't feel comfortable evaluating the costs on your own?

Some have been on the market for weeks", that doesn't bode well for renting of any kind really.

Hi Dennis, What kind of loan is it for?

Here's my 2 suggestions: Visit your local REI groups.

While it is great to have those kinds of personal relationships with board members it doesn’t really make much difference in our area due to the nature of the requirements.

It just has to do with how each platform markets themselves and what kinds of guests come through.I am an investor and co-host in Dallas, Texas and that's generally the posting rules I go by.