Congrats on the pending closing!

I'd recommend having enough to close on the deal + rehab + $5k in reserve as a minimum. 

Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

I had listed a 10-unit property in Cincinnati, OH, and found a buyer through an agent from a different office.

Hello, can someone recommend an agent that deals with novations in indianapolis

Not agents trying to sell you something.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

I don't know any investors who purchase without an inspection, though I hear about this mythical "no inspector" purchaser from time to time, by way of the rumor mill or pompous listing agent. 

As an investor-only agent in the Boston area, I'm looking at the market nearly every day and analyzing deals for clients.