Plans are to immediately sell after completion of construction and potential use revenue to start an even larger project. 

We have a few larger appliance vendors but they are expensive for minor appliance issues like seals, handles, and timers. 

Take my advice with a grain of salt because I myself am a novice, but I will say you may be doing a bit too much for your first renovation!

We offered $20k with my estimate of $50k in renovations, which for this one I will do myself (with some help from friends and family).

I specialize working with buyers nationally for larger multifamily and also retail commercial properties.Some are serial lookers afraid to buy the property when you do find the deal for them.Be blunt with a broker.

The owner was good enough to advance money and allow us to renovate the house to move-in ready condition. 

Who cares if you are “underwater” if the asset is making you cash flow...just don’t sell and you won’t have a problem.Also, the rich might still sell, they just might sell and re-leverage into a larger property.

Moving these a few percent especially for larger purchases affect margins by quite a bit.

I moved across country to Indianapolis and am looking to purchase a home to live in do some small renovations and then rent out.

If it’s just a cosmetic renovation and most all the other items are dated it might just look good on the surface....