It's our first, so a little nervous.

Thanks so much!

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

I think it’s crazy that they travel so far, nice but great. 

Ivan, I didn't mean this to at all be condescending, so please don't take it that way.

We are cementing our growth strategy as a local and regional builder and looking to grow into subdivision development so we control more land but wanted to seek advice in the forums about this. 

Listening is one of the number one assets, so if theres ways I can contact other real estate investors and learn from them would mean alot.

I think Indy is a great diversity of communities and properties, so anything you would like should be here. 

Of course it is very important to do proper due diligence on the investment and the operator.As far as self-directed IRA there are number of companies offering such service, this topic has been discussed here on the forum many times so you should search using this keyword and learn from those discussions.

Our company focuses on the BRRRR strategy so we can continue to recycle our cash to scale.