Naturally we were excited.After entering the contract, we asked our real estate agent whether there are any HOA caps on number of rental units in the property.

Don't settle for 1%. 1.5% in Indianapolis should not be difficult.

One of my first orders of business in the morning is to check the listings in Hudhomestore and it looks like they have taken out the Appraised Value from the listings which makes the properties a little more difficult to track.

That's the most difficult part, imho.Good luck!

A 15% cap rate assuming $1000 maintenance costs and including insurance and taxes.

Hi Brandon,Thanks for the heads up, I went ahead and set up a Keyword alert and read through the Beginners Guide.Regarding the property, its difficult to say.

Can you work in RE with bad credit, yes, but it is more difficult and it will limit your opportunities in many aspects of trying to do business.Are you good with people, can you approach a college professor and speak to him and gain his trust in what you are saying or do you have difficulties and only work orcommunicate well with just certain people, then do those certain peopleneed a property or own property to sell?

If you are looking at a property and not certain of what to look for and if you have a cap on rahab.

You'll also need an attorney to be more involved in contracting and administration not to mention costs of financing being more and more difficult.

I would look into your city and state codes, but in my experience when i installed a gas fireplace in my property instead of lining it with a new flue i simply installed a new b vent chimney inside the old brick one, and my water heater also was vented though the old brick as well with a 3" b vent, if you would like to bypass the old chimney all together and cap it (bug prevention) look into new 95% effecent furnaces, they are vented in PVC and can be vented out through side walls, they also make power vent water heaters if you did not want to convert to electric.