Like who will manage the building, what is the collective rent, what are the taxes and insurance, is it all up to codes of the town, zoning questions, what is the as-is value - this will be very, very hard to comp and the lender will come in at the low end of the comps for sure. 

Find a partner to bring the cash and you self manage?

We ended up having to pay a professional bookkeeper monthly to manage it.

If your request was not handle in a timely manner by HOA board and management company, you have a case that due to their neglect you suffered more damage. 

I’m looking to connect with local investors, agents, property managers, and anyone else who knows the Indianapolis market well.If you have experience or advice to share, or if you know someone who does, please drop me a message.

SMS is one service I sell/manage as a consultant and if you don't know how to stay compliant, you shouldn't do it.

@Khayla WilliamsI strongly recommend against borrowing 100% for a propertyThere is significant risk in owning real estate including section 8 and maintaining the home in a certain condition and if you do t have the funds for those repairs you could lose it all.I always recommend people budget and save enough for a down payment and reserves before getting into their first property.

For rent by the room, you want to be where young people would like to live, which is as close to amenities, nightlife, and jobs as they can get.

Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.

In fact, our property management company required the certification before they would be able to market the properties.