A quick check for your max loan payment a lender will allow is to divide your rent/1.1 that number is around what the max loan payment will be by the lender.All very good points,Yes was just using 15 year as an example but yes we will definitely be doing the 30 year to make the monthly payments smaller.We understand that from being homeowners.With the seasoning period that is a very good thing to keep in mind.It proves a point that buying a property in all cash might be more safe and beneficial for us then using a hard money loan as during that waiting period it would nice to not be charged fees and interest on a hard money loan.Correct we plan to rehab.Now do some investors buy the house in cash and then use a hard money loan for the rehab portion? 

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.

This stands true for any/every investment segment in existence; stocks, ETF's, business ventures.

I used a loan from North Coast Business Lending that encompasses both properties.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

The majority of the business I do is buying small multi families and identifying the towns that are more favorable for investing. 

.: Quote from @Chad Hale: I used QB when first starting my property management business.

"owned outright"- do the members have personal debt to support this, or is it both zero for personal and for the business?

And technology aside, this business hasn't changed much in the last 20 years.