Frugal ones think everything should come as cheap as possible for them, regardless of their ability to pay, and rich people think every dollar they give you is worth two.

I had a similar issue where I used these attorneys years ago for something and they sent me a bill that was about 4x what I thought it would be, and some things they charged me for were ridiculous.

But clustering may rate limit your ability to add properties to your portfolio.

A desire and ability to share their knowledge4.

I have heloc's against my equity and have basically an unlimited ability to do commercial mortgages with 2 banks I work with.  

If you go ahead and get a value add project how much trouble will tenants make and possibly delay your ability to perform.

These include access to easier and better financing opportunities, the ability to quickly grow one's rental property portfolio, and the luxury of hiring a property manager.All the best!

Do you have the ability to go see it in person?

Your vacancy would be heavily dependent on your ability to screen well. if you have good screening, and you didn't buy in one of the bad parts of East Chicago, you should be able to get some fairly stable tenants. 

It removes them from the grey area while allowing them the ability to offer more solutions to homeowners (cash offer, traditional listing etc.).