Yesterday I just got with the sellers of this 4 bed, 2 bath house in Kilgore, Texas (close to Tyler) and I am looking at selling it to a cash investor to make a potential profit.

Hi Nina.If I were not experienced in land lording and property manager, I would look personally to the extent you want to learn or experience property management versus hiring someone else that you trust to do the job.Yes, the cost for a property manager is important but not essential- the cost between property managers are not double or triple the cost of others (say like attorneys in some areas of law or cars). 

That gives you the option to sell or refinance that property to tape that equity.

The appraisal came in at $120k where the purchase price was $78k and $22k reno cost for all-in of $100k.

@Leo R AriasI am assuming he is a licensed contractor and you have a contract that has a schedule in it.First you can file a complaint with the licensing board then terminate him for cause - but it will cost you 3x the $ probably to fix everythingYou have been too patient with this.

Each DPA carries it's own set of rules and time frames before you can sell or refinance but in cases of speed up equity it can be done.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

With buying a home for personal use, what are the best months of the year to purchase where the cost will be lower.

You have to know what a Lot in that area is selling for and add on the cost of NEW Construction in that square footage to really know anything.

How much does it cost for eviction and collection?