I've done over a dozen flip/Brrrrs.Here's some basics I'm considering:-top school district -land cost <20% of total cost-either fully developed or pre-approval by town-I'll act as the GC, likely work on-site during construction-I've a real estate license so have good market knowledgeWhat I'm not sure of:-legal contracts/terms to use with contractors-how to secure best pricing for finishes/fixtures-whether $500-650 range is too risky for a first build I don't know how I missed this!

Zillow and Redfin may get more information from mls listings which would include newer and more luxury "market rates" they may also use a city wide average instead of a more local radius. 

Paul typically range from $300K–$550K, depending on location and condition.Rents: Median rents for 2–3 bedroom units are running $1,500–$2,000/month in many neighborhoods.Financing environment: Interest rates in the 6–7% range mean the mortgage payment is higher, making underwriting tighter but there's less competition so getting a better deal upfront is more feasible.Even with these challenges, house hacking can still work here when the numbers are run carefully.

July has 11 nights open and August is wide open.  

Welcome suggestions on how to make the decision and reasonable price range too.

I tend to hear that luxury properties are more in demand and insulated from market fluctuations better than lower range properties.

Hey BP community,I’ve been noticing some interesting trends lately in my local market, buyers seem more cautious, especially with rates still elevated, but I’m also seeing solid demand in the sub-$500K range for move-in-ready homes.

HVAC: Is the ROI high enough to justify installing high-efficiency furnaces/boilers over standard units in a mid-range flip?

Here such a creature would rent in the $1,300-1,600 range, but with some reno and cosmetics it would quickly move closer to the 1% per month golden rule.

There are opportunities within the price range you mentioned, you’ll just want good local guidance about the areas to consider/avoid since Indy can vary a lot.