I'm an out-of-state investor looking to purchase investment properties in the Indianapolis area.

It highly depends on how much you bough down the rate and where market rates at par will be in the future.

I have commercial property that I currently owe $141,000 through a SBA-HEDCO loan at 4.25%.   

Unless you are good with SEO I'd recommend just paying the fees on air bnb.

You need to investigate and figure it out.If you include utilities with rent, I recommend placing a limit so the tenant is responsible for excess use.

Bulk Purchasing: Work with large property owners, banks, or distressed asset funds to acquire multiple properties at discounted rates.

Then what we do is look at yout income after the New PITI payment to see what program to use traditional or DSCR for the investment.

(instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month.

This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.

I've co-owned the last 8 years and would on the whole recommend it if you do it with the right people and make sure you have a solid co-ownership/TIC agreement in place.Happy to help if you're interested in going this route.