Not sure if I should go with that route or continue to rent a couple roomsOne way to look at it is to compare the rents you’d get to a normal long term tenant on the open market with what this sorority will end up paying you to see if the juice is worth the squeeze or not.If the premium above market makes sense in your situation then you could proceed with the sorority just make sure you have a ironclad lease agreement drawn up with some potential out clauses in case the tenant doesn’t turn out how you had envisioned it within the confines of the local laws of course. 

I put an offer on the property 6 months prior for $1.05m.

-MarcHi, Marc - while it's important to reach out to the insurance placement companies to get your property on their radar, don't overlook all of the rest of the possible places to list your property as well.

As I continue learning the ropes, I’d greatly appreciate insights and connections from:Private or hard money lenders open to working with first-time investorsExperienced investors who have successfully completed no- or low-money-down dealsAnyone familiar with the Indianapolis rental market or local down payment assistance programsI’m highly motivated, proactive, and currently scouting properties across the greater Indianapolis area.

You have experience there so you know the area is hit or miss, stay away from the rough areas.

there ya go answered your own question.you can confirm .. by simply going to the county planning department and walk up to the counter ask to talk to a planner and ask them is there any process to split the lot .. it will either be a yes or no.

I've been wanting to get an LLC for my Real Estate/STR operations so instead of creating a new one, I figured I'd just utilize the existing Turo LLC.

All the best!

Mandate the husband goes through your normal protocol for background check process.2.

They are giving me great advice but I would like to find a way to incorporate them into the payment structure so I can get mentorship on tap.