While there is generally lower demand for rentals in those kinds of areas if compared to a primary city, there is also generally lower supply. 

Commercial lenders mainly use DSCR (Debt Service Coverage Ratio) which is a ratio of operating income to debt service. 

No water at all (no city water and no access to well), place in shambles, leaky roof, yard not taken care of for years.  

To qualify for this exclusion, individuals must have owned and lived in the property as their main residence for at least two out of the last five years preceding the sale.

@Clayton PlummerYes, that's my main thought but since I am an independent contractor I am going to need at least two years before I can do that.

I'm not particularly worried about crime, based on the city historical crime maps, but more about folks either not wanting to live in a low income neighborhood (even though it has good proximity to the city and other points of interest), or the property value never improving. 

And you will start to see a pattern in given markets/cities.

I am looking at suggestions on hiring a CPA tax accountant / professional in the Central Maine area in particular Skowhegan, Fairfield, Waterville area.

Subject-to is simply taking over the title and making payments.There are 2 main ways to make payments in a subject-to deal:You pay through the seller's portal - log-in and pay or change the account to yoursPay through a loan servicing company - there are companies that takes care of the payment system for you with a feeHope that helps.

Investing in real estate to fix and flip properties in Indianapolis, like in any other city, involves identifying areas that offer a good balance of affordable purchase prices, potential for property value appreciation, and a strong demand for housing.