That said, when the market got bad, it wasn't terrible here ... life is all about balance, right?

I do know that neither would put the LLC on the mortgage because they needed the individual to be responsible if things go bad.   

I added 3% which is on the low end.Management - I will be managing this property myselfThe property taxes were calculated by taking the (2017 county assessment * .95 tax rate) = 1186.00Is the below cash-flow and cash on cash ROI good, great, bad or ugly? 

People tell me you need to buy properties in really bad shape to flip profitable.

I am originally from Indianapolis and I know the area very well...anything I see on Loopnet over 8 cap is either in a bad location or in need of significant work. 

This is an opportunity to rage against the latrine and share some cheeky humor while dumping on bad tenants.Butt seriously, just roll with it until we're flush with pictures!

So you have to take the good with the bad. 

I see people with money flocking towards bad deals all the time here on the west coast, while others are just waiting on the sidelines for a decent deal to show up. 

Why would you spend your money in a BAD neighborhood and in a city where the law is in favor of the tenant?

Hello!  I am in the option period on my first flip home and have come across a bit of a quandary.  The seller and I don't agree on the foundation issues in the home and I am looking for any clever solutions to work th...