Also, the rent may not match initial analysis, especially in a demographic which tenants may struggle to pay. 

Now add a worn roof...outdated windows....dated cabinets....overgrown landscaping....  

Tenant leaving any time they choose to - I think this depends on the demographics you rent to.

Lots of excitement in the market at the area, so hoping for a nice back end profit with the future sale after adding some value and the expected market appreciation (the Northwood district is evolving quickly in terms of demographics and commercial activity). 

Experiencing in property acquisition, neighborhood demographics experience in C+/B- properties and can provide a written management plan.

I'm considering using landscape style uplighting around the perimeter, or, since the roof is being re-decked anyway, having some soffit lights installed. 

Refreshed the exterior - paint, new deck and fence, and landscaping.

A typical example would be finding a property that isn’t exactly distressed enough to need a large rehab, but instead is outdated, in need of a good cleanup maybe simple landscaping, and just general TLC?

A friend from high school brought up the opportunity and we agreed to $10k off her asking price due to the home needing asbestos remediation and some additional landscaping clean up.

So hopefully you'll hear from some Indy folks or your current partners can give you some good market demographic feedback.