Be patient and don’t rush into bad deals.

So it's less like a curse and more like market forces in action, at least until people wise up (holding my breath starting now).And no it's not just Indy, you could replace Indy with a dozen other cities and it would be basically the same thing.

Bad actor wants to steal it?

Over the years, I’ve noticed something interesting working with investors:The biggest tax mistakes usually don’t come from shady strategies or bad CPAs…They come from poor recordkeeping and timing.Here’s what I mean A lot of investors don’t track which expenses are repairs (deduct now) and which are improvements (depreciate later).They toss all the receipts into a box or an app and hope it sorts itself out in March.Then when tax season hits, they realize half of those costs could’ve been handled differently — maybe deducted sooner or even structured better if they’d planned a few months ahead.The IRS doesn’t just care what you spent… it cares how you report it.

Quote from @Mubarak M Bello: Hey Sasha,Your concern is 100% valid.A lot of landlords underestimate the risks that come with accepting credit card payments:Common issues with credit card rent paymentsChargebacks: A tenant can dispute a payment weeks later, and you’re stuck proving it was legitimate.Stolen cards: If the payment is reversed, you may have already delivered possession or services.Processing fees: High fees eat into your cash flow, especially on larger rents.Encouraging bad habits: Tenants using credit cards for rent sometimes signals cash-flow issues.Because of all that, most landlords prefer to have control over payment methods.Would I use software that forces credit card payments?

As long as this isn't your first investment, I think you could get a lower rate somewhere else, but this doesn't look too bad.

Regarding your second and third bullet points, we have a really strong credit and special assets background as some of us actually worked in "special assets" for banks selling or working out of bad loans, so we hold all of our NPLs.

I’m also currently renting a property with a roommate at $680 per month so not bad 

Of course, that is not necessarily bad and may be quite good. 

The deals are bad but on top of that they double close and make you pay their front side closing costs.