Good property management, and more specifically good ownership is key.

Here are some of my takeaways from your budget:Operating Costs: Your STR management fee of 20% is high.

You wouldn't want there to be a bunch of turn key rentals with high rental values on the market.

The key to wealth is smart leverage and action.Luis Maqueira 

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up.

Inventory situation is another key element.

@Diogo Capela can give a more detailed view on some of the legal adventures we had with this property but, to summarise, my key learnings from this deal to date: 1) Get confirmation that the entirety of the property is on the Camara (town hall) plans and fully legal.

Your property manager will play a key role in this team, helping you maximize occupancy, maintain the property, and ensure tenant satisfaction.

It can be done but each situation is specific and would be underwritten to see the risk and what the exit strategy is. thats the key with shorter term loans - understanding what the borrowers exit is.

My PM is key to my success.San Diego Condo: This is your biggest concern.