My partner and I just started, created the LLC, got all the documents, and have begun introductions with lenders across the market. 

Also - is it appropriate to add a contingency related to this in an offer - specifically something like "earnest money will be returned if property soil is not found suitable to support 15 RV pads" sort of thing? 

Another thought I had was to keep the same pipes but put meters at key parts in the piping where I know it is dedicated to a specific unit in the house.

You'll also need to learn about marketing, property values, repair costs, property management, etc. 

Short of specific decisions or clear law, the distinctions seem extremely vague, arbitrary, and a bit scary.

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?

Your $1,200 ask may be fair for your market and property, especially if supported by comps, but they might not approve it if the tenant cannot afford it.

The "word on the street" is that the owner may be looking to sell off market to an investor, and it is currently not listed on the MLS. 

BRRRR strategy is still a great strategy in many markets.

It's always better to stick with markets you know!