These are all questions whose answers will help you chart the way forward ... there is no one size fits all answer.From an operational perspective it is always pleasant to know that your building envelope is relatively efficient (insulated and air sealed); that building systems (electrical, plumbing, HVAC and communications are up-to-date and dependable) and that you have the ability to put accountability for resource consumption in the hands of the tenants.  

Same type of houses in the Air Depot to Douglas, and 15th to 29th corridors. 

If anyone has any tips or words of advice, I’m all ears.Thanks!

Just to be clear - my goal is not to save money if quality and liability would be compromised.

@Marina Draper Thanks for the tip!

I really appreciate the article, those are certainly qualities that I am looking for in a real estate agent.

What if the quality of rehab is inferior and has to be redone or won't pass inspection for the buyer?

Do you have any recommendations for high quality PM in Indy?

Its the way major corporations and banks make investments. that's why IRR in the bay area is so much greater than most areas.. at exit the huge appreciation tips the scales.. at least if you sell in the right cycle. 

I will say that although you can definitely tell people are smoking, they do have a lot of  air purifiers, so it is not smoke-filled.