Market rate right now is $1200/mo and with renovations (quoted 60-75k in labor) it's hard to say because there aren't much data points, but I think I could fetch $1500-1600/mo.

The company that's interested runs an Adult 24-Hour Residential Program (OR state link here) for adults with disabilities.

these are those situations you hear about in the podcasts and the books that advertise starting with zero money.So, looking at it from a loan officer's perspective, if you come to me with your experience and your credit and the asset's number's work, then you should be able to get a 90%/100% program on a bridge loan which means you are in for 10% of purchase price for entire project cost. 

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

Quote from @Eric Lahoda: It depends on the market and your skills as a landlord.

Note that appreciation cannot work as benchmark in high cash flow markets any more than cash flow works well in appreciating markets.  

Essentially you are plugging in all of your data and they are using market price studied to generate your deductions.

On market 120+ days.

Hi Eli, A few different ways: 1) You can ask your realtor to put you on a drip campaign for any assumable loans in the areas you desire. 2) If you are looking at something off-market you can ask your realtor to work with their title company of choice to pull lists of all government loans, in whatever areas you are looking for.

HI Kia..very specific to zoning with primarily condos that are eligible that come to market.