Once they are gone and you have possession back, send them a certified letter with detailed list of all outstanding expenses minus their deposit.

Though I am sure there are many caveats and details that make it much more challenging than what people on the internet make it out to be.. sounds like you would agree with that.

Private message me and I’ll provide further communication details there.

You say the market’s hot, what about considering:1 taking the bank’s option to Convert to a 30 year fixed term, with maybe piti of $500/ monthly (See if they will lend you 75% of the appraised value OR use the purchase price Plus a detailed list of your costs and repairs) , and then2 selling on contract or lease option at full market price+, ie $119,000 possibly on terms.Look for 10% or more down and finance them as long as your loan is for.This would recoup your initial investment, $12,000+ and costs plus profits And give you passive income of what $200-250+ net monthly?

As I learn more details about the Indy market, it seems like there is so much going on in the city with different initiatives and development that it can make these areas of opportunity.

@Melissa YeungThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

hi everyone,i am in the process of analyzing a duplex, and I've just learned some new info about and I'm wondering what I'm missing about the implications of the following details:-duplex is tenanted already; duplex is priced quite low for the neighborhood, so interior condition is unknown-property is a duplex via an addition. it was originally built as a sfh.

If a property is $100,000 and the rent you could get is $500, right off the bat without further analysis, you can tell it will *not* be a good deal.

@Rhonda Wilson The property manager I'm looking to use gave me a pretty detailed report from Rent Range.  

The Cash Flow analysis is way too optimistic.