Guess what?

Ultimately if you're STR shopping on the coast, you're effectively competing with an STR maniac and luck (in the form of preparation and experience) historically has a tendency to favor my clients.

So, there may be a tendency to give them the benefit of the doubt because the impact of an eviction on them is more substantial than it is for the landlord. 

Reason being, the oil industry is inherently more volatile and less predictable than "steady Eddie" coastal/midwest markets with diversified employment sources, and this has a tendency to scare "normie" lenders who just want clean down the fairway deals with easily quantifiable risks. 

. $492K purchase price and $11,300 in property taxes (zoned for good schools I guess) but ouch...I would be putting 25% down, and would like to get rents up to market but with insurance, maintenance, etc I would probably loose $12k my first year.

@David V Flores, I'm guessing many people will tell you to get quotes and that may not be a bad idea for something this large but I'll give you another basic method to "estimate":1.

I love his story about overcoming drug addiction and building a rehab, I guess I’m a sap lol, but it’s good to know it’s not worth the money!  

Taxes in Indy reset after purchase so underwritten tax estimates matter more than last year bill and insurance has jumped so use a real quote not a guess.

I'd guess there were 40 attendees. 

I guess I can try pulling info on permits, if the city has that info online.