Your best bet is to find a duplex you are willing to live in and go FHA save your money that you don't spend on the purchase in reserve in case you need it.

I like that.I found my local REI are the best bet.

Princeton is such a nice community that I bet you'll get back every penny of the cost of the improvement and then some.

Best bet is to try and find properties not listed that you can obtain below market value.Hopefully my post was helpful to you and I know your frustration because I am always looking for deals for my investors.I have over 15 years experience in the business and was my mother's assistant before so almost 30 years. and altough I have seen almost everything that can happen in a RE transaction, each one is truly an adventure.

So I'd remove the tap or put a lock on the tap that's outside your garage, or lock the electric panel and shut off the pump so they can't access it for use.Water is expensive and you can call city to find out cost so if you decide to let the HOA use the well I'd get your HOA fees credited or have the HOA pay you direct..Your electric for running the pump is an expense, and I bet they've used it season long to refill pool when needed. 

Lot of out of state investors in Indy I bet

So if market rent is $100 higher, increase rent $50.The main thing is to make forward progress and to feel good about it.  

But I would still call it a work in progress. 

I would bet the odds of someone staying over a $1000 a month increase before having them stay if they have to get rid of Fido. 3) Keeping that tenant does have value, not $400 a month value but some value.

I assume the bank will do this appraisal ahead of underwriting the original mortgage.Your best bet is to have a conversation with a local lender about the FHA 203k program.