Good luck and Indianapolis is a great market.

Study the market.

I'd bring island out a little more. my advice is make sure all rooms are 110 sq ft minimum. some of these look super small. we build a very similar one in our market.

What markets are you thinking of investing in?

Together, we have over $200K (mostly in stock market investments), and our parents may help with the down payment.

Hopefully we will be managing a handful of other STRs in the same market in the future.

@Beatrice Ontiti we most certainly agree that adding new construction in a growth market to your portfolio would be a great next step! 

I’m curious what markets you’ve invested in if you don’t mind sharing.

Perhaps this "no inspection" buyer existed 2-3 years ago at the height of the market.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.