Regrettably with evictions taking 4-6 months in a extremely pro tenant environment where even the most obvious case is at best a 50/50 chance of eviction we have few options.

Are there other tax benefits associated with owning rental property that would apply under the current tax environment?

Are there other tax benefits associated with owning rental property that would apply under the current tax environment?

Having a HELOC that adjusts every five years is great though especially in the raising rate environment that we're in now.

It's way too shaky of an environment for the long distance STR operator.

When you make the investments it grows in a tax-deferred (or tax-free environment if you are using Roth). 

What’s the investor environment look like in that neighborhood?

Put yourself in the guests shoes. 2.) find good cleaning people, stick with them, and constantly be training and improving them and their work environment. 

Proximity and identification of higher worth asset pockets becomes difficult/volatile to predict.Political environment and societal expectations that can be borderline ideological with regards to the aboveIf the crime does not get under control (see the above thoughts on education, gini, poverty, etc) this will weigh on perceptions and asset values for years to comeOn the upside:Indy is positioned well as a logistics hub which fueled growth, and it has a reasonably diversified economy.There is access to high quality higher education in the area.I will not invest in Indy although I did look at it awhile back.

We're in a historically low interest rate environment, but rates are rising and the days of rates in 3's are gone.