I'm hoping some of the brighter minds here can help me think through this sub2 deal I've been offered, both in terms of analyzing the numbers and also some advice on taking on a sub2 purchase (I've done about 1-2 hours of reading on the subject....enough to be familiar but certainly no expert). 

The term "knob and tube wiring" start to creep up in my mind.

Congratulations on being among the few open-minded landlords to consider this investment arrangement.

So don't take the $1050 number as gospel.2) Even with #1 in mind, that range is just the average of ALL houses/apartments in that area.

The tenants actually do not mind just keeping their trash in their unit trash cans and taking it out to the curb once/week.  

Thanks alot Nicholas I will keep you in mind thanks again 

That is exactly what I had in mind.

@Millie Holladay does quite a bit of business in Indianapolis, she may have some good PM's in mind.

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

We will certainly keep that in mind moving forward!