I am happy to offer any financing related knowlege I have here on bigger pockets!

I do feel that downside is minimal as this is a relatively urban area somewhat near colleges so I do not see a circumstance where apartment demand decreases substantially. 

If standard depreciation is done, then your depreciation is 150k (minus 20k for land) so 130k divided by 27.5 years or roughly 4500.But if you can deduct your entire rehab, you may get a 50k depreciation writeoff this year plus the remaining depreciation.Again, I know the law was passed but I am NOT sure how it relates to investors and if it actually applies.

In any case, I'd love to learn from you, since you are relatively close to where I'm at in Maryland.

Yeah, Jason, there's actually a panel in the floor where a floor furnace used to be and it's right where I need to get into the crawl space so relatively easy access. 

Alexandra GortchilovaHello an Welcome If Your Ready to learn i would suggest getting out to some local Real Estate Clubs/Meetups in Indianapolis an rubbing Elbows with a few People Networking an Building Relations with a few.Merry Christmas.

This must have been something related to my bank only.

I saw some related to contractors and brokers.

Work on building good relations with FNMA or other entities and you may just end up being 'that guy' that won a contract (and also under bidding the competition) as a result. 

Our combined income exceeds $150,000 but the write offs relating to the real estate expenses for tax purposes go away so buying in our own name does not provide all the advantages I would like it to.