That isn't bad if the asset has some value add component that you can realize over a couple years and then refi if needed.

I appreciate the help and you both have given me some good questions to ask her to help get both our goals aligned.

If your looking for highest cash flow, this will never align with the best location!

Indiana requires:  Key components of property management (renting, leasing and managing) are considered real estate activities under existing Indiana real estate licensing laws.

Some things I've heard as components of criteria: - Population growth- Rent to Income ratios - Low crime- Good schools- Close to public transportation- Only in [State]- Price per square footThanks!

If you're going to use a PM for construction management and obtain bids from his/her contractors, I suggest obtaining independent bids from contractors of your choosing to ensure proposals obtained by the PM are aligned with market rates.

I'm curious to hear how some people may have purchased a property with some sort of seller financing component?

Remember, if someone makes money from selling you a product, their incentives and yours have already diverged and they need to prove to you they have done other things to make them align.

Properties are depreciated on the MACRS (The Modified Accelerated Cost Recovery System), which defines building and structural components of a residential (including multifamily) property on a 27.5 year schedule.

Overall look at metrics and align yourself with a city that meets your investing criteria.For myself I want appreciation & cash flow, Columbus has both!