If the deal is profitable and meets the criteria we are looking for, then it doesn't matter if it's at 7% (an average number, by the way) because it can get refinanced later and it is still profitable today.  

Credit score does matter but they will lend on a per property basis out of your available LOC once they approve a line...again mostly based on your available cash and credit score.

I have people and crews I have worked with here in Houston and have some experience working with the City of Houston on these types of matters, but I don't have those same connections in Indianapolis. 

To second what Jessie said, with $150k in cash, Memphis could probably get you into 4 Single Family Rentals that are each cash flowing in a matter of a couple of months. 

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

And don't underestimate the power of a strong first impression – a well-maintained exterior with a fresh paint job is key.Just remember, even with the best upgrades, color choices matter.

I could not find any details that confirm that online. 

I'm feeling the delays I've imposed on myself in my RE investing, so I'm trying to correct my trajectory to get back on course ASAP.You may not realize it, but you just stated your goals.Number of properties, no matter how you arrive at a number, is never a goal. 

The Realtor that helped me find a home told me it really didn't matter upon purchasing, but later it did become apparent that in VRBO or Airbnb renters are looking for that Chalet-style home with some amenities. 

When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much.