You still need to qualify leads, and the carrier obstructions that come and go can derail your momentum.

The reason is that subcontractors can lien the property and title can be clouded.You also need to know IF you qualify for x dollar amount that you target.

A 1-4 unit will qualify for residential mortgages while 5+ is a commercial mortgage.

Planning for these expenses will give you a clearer sense of how many properties you can comfortably afford and what reserves you'll need to maintain in order to qualify to afford the property. 

Is there anything I need to consider for how my plan may impact the future (not qualify for first time home buyer incentives?

Do SFH's qualify if used as a rental?

To qualify, you must meet FHA requirements and have a low down payment of 3.5%.

Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.

A good loan officer should be able to show you different options that you would qualify for. 

Finding a qualified tenant/buyer is a function of marketing and terms.