A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

One, is the long, drawn out method by which you get the other party “invested”; time wise as well as emotionally in concluding the deal.  

I'd love to know as well.

I invest in Indianapolis as well (my hometown). 

I'm six rental properties into my investment portfolio and have HELOCs on two of those properties as well as my primary home.

Is the property being marketed well by your agent?

This works well until there is a leak at the property and then I have a huge water bill.

An excel spreadsheet is going to be your best friend (well that and a crystal ball).  

Amazing people sharing advice, challenges they have experienced as well as successes.

In the industry this is most commonly known as a "Fix and Flip" Loan.We are correspondents with dozens of lenders who offer this type of loan.Most commonly, the loan will cap out at 75% of the ARV (But Investors do need cash, this is not a 100% financed transaction)75% has to include the purchase price and the rahab amount requested.The terms can vary greatly.The two most important areas that will impact the terms the most is 1.