New to REI in Indiana

[Aaron Almquist]

Hi everyone, I am new to REI and so far have only been a have only been a homeowner and the last 3 years I have been house hacking in Northern California. I am in the process of closing and will hopefully net around $120k. I would like to take that money and invest it the best way possible and am willing to do what it takes over however long to reach success. My plan is to move to a market back in Indiana (I went to college in Terre Haute and know many other areas of IN pretty well) and begin BRRRR with small MFR.

Sounds like a great plan in my research thus far.. but am wondering what the most efficient use of those funds might be or if this roughly a good entry point. I would not need to initially borrow any money for acquisition or rehab, and then just cash-out refi. It also seems relatively easy (relative to CA) to get a real estate license in IN, so thinking of doing that as well. 

I am not very risk adverse and am wanting to really give it a hefty push into full time REI eventually. But I would like to start smart and limit wastes of time. After my research, this is certainly the method I feel comfortable with in the current stage of the market cycle, but am I also open to suggestions about branching out into occasional flips and other ways to build even more capital. Thank you!

- Aaron