It's seems highly unlikely.

I would get insurance with an umbrella policy and a high deductible.

So you're out of luck on that.2nd, it's highly unlikely a rehabber ever has actual knowledge of water intrusion as they don't own a property long enough typically to become aware of the issue.3rd, Indiana is a Caveat Emptor state.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

Also the property transfer tax is quite high, it can add up to around 13% and normally has to be paid in cash.

Although I did it and it worked out (they actually ended up being one of my favorite tenants), I was taking a risk. 

I wanted multifamily originally but found the lack of inventory and high prices a big obstacle.

Hey @Ryan Corcoran did you end up finding a contractor?

@Aaron Mazzrillo, Hotel income, as you may imagine, is highly cyclical.

Personally I like Facebook marketplace but I get about 85% flakes who either just aren’t qualified or end up no-showing to the showings.