We normally meet on the third Monday of the month but that will not be the case in April as that is the Tax filing deadline of April 15th..

@Kezia Edmonson, it's all about the valuations as @Jon Taylor mentioned.In your 1031 exchange you must purchase at least as much investment property as you sold in order to defer all tax. 

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.

Shouldn't be any extra taxes involved.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Regulation will say you have to be registered and pay hotel occupancy taxes, but your unit may not qualify for registration. 

If its a volunteer fire company you may be able to donate the house to them for the purpose of training and get a tax deduction .

What data supports your claim?

For instance, property tax & insurance expenses.

I'm starting to hear more chatter about this mysterious "wave of foreclosures" that was a frequent claim/projection back in 2021, which didn't happen then, and by all indications is not going to happen now.