So, I have found in the Indianapolis market that office space is essential. 

It’s mostly updated but we could add some value in the bathrooms and kitchen.

If you can add another bed/bathroom, that brings the ARV much higher. 

Step back and consider that you essentially bought a REI for $30k and it cashflows $650, that is a 2.17% rent to purchase and 26% CoC for your ROI. 

We've lined up a majority of work in our scope and scheduled out most of it: Plumbing for a bathroom and kitchen - $3,800Crawlspace repairs to fix some prior shady work & even out some unlevel areas - $3,650Tile 2 kitchens & 2 bathrooms - $1,800Drywall repairs - $400Add railings and supports to half-finished back deck - $2,800Install 2 interior doors - $300Fix a rotted Yankee gutter and repair some cracked fiberglass cement siding - $1,8002 full appliance suites (Kitchen/Laundry) - $6,000Fix one broken window - $250Relocate three HVAC vents - $900Still, a bit to be quoted/scheduled, but so far we are below our projected rehab budget of $41,250.

Now, some will say you're over leveraged but here's the second trick: there are essentially 4 components to negotiating the terms on a note - price, monthly payment, interest, time.

What you do is open a HELOC (some people say you should do a first position HELOC, but I disagree) and essentially take a small portion of your mortgage - say $10K (I do $20K) and put it on the HELOC.

Adding an additional party can essentially double the number of people involved in a transaction.You should talk to a few agents and discuss with them their strategies/experiences helping people that were in a similar situation.

We hired home service pros to redo the plumbing, floors, kitchen, bathroom, and more.

Essentially, is there a rough time frame that it will take me to get to 50% occupancy, 60%, 70% or whatever the average is for well-run, self-managed properties?