Also a SoCal professional investing in Indy. 

Worked with army 10th moutain and combat medics in Kandahar from 24dec10 to 21dec11

Now I'm not a CPA or tax attorney so this is just my understanding, please consult with appropriate professionals but if you were to live in it as your primary residence than you should be exclude from long-term capital gains up to $500K  (for a couple) of profit when you go to sell it, not sure what your intention was on length of time that you two would live there or desire to sell it down the road.

I intend to have a structural engineer out to inspect the place as well as other various professionals to ensure the building is in decent shape.

It depends on campus... for a big campus, you can be 5 minutes from the Engineering building and 20 minutes from the Medical Campus......that’s my case and I have renters anywhere from a 5 min to 20 min walk from different parts of campus they may need to get to.

First of all I have not estimated and received an investment yet mainly because when I had that medical accident and I am still bedridden from some medical problems I have had them at age 54 but I'm 61 now but I am  still thinking that I will recover someday. 

I'm an agent here and would love to have a chance at an phone conversation, but at the very least....can give you some names of agents that I've enjoyed working with, that are professional, and are quick to communicate.

I ordered a 3-way topsoil mix (1/3 sand, 1/3 silt, and 1/3 sawdust) and what was delivered was a very poor quality product (I talked to 4 different industry professionals, who all believed he delivered fill dirt with some wood shavings added to it.  

I ordered a 3-way topsoil mix (1/3 sand, 1/3 silt, and 1/3 sawdust) and what was delivered was a very poor quality product (I talked to 4 different industry professionals, who all believed he delivered fill dirt with some wood shavings added to it.

Readers are advised to seek professional advice.