I decided to run IRR (Internal Rate of Return) calculations for the SFR (single-family residence) investing in order compare with the IRR targets I see proposed by syndication operators.

Disclaimer: I'm probably biased because I've lived in Indianapolis for the last 5 years :)If you're set on BRRRR, I'd recommend higher-quality neighborhoods in suburbs of Indy like Zionsville, Carmel, Fishers, Noblesville -- they tend to attract higher-quality residents have less crime, and have less surprises than some of the 60-100 yr old homes inside the I-465 loop. 

Take advantage of the need to get new residents more frequently than an LTR by experimenting right after you've filled a listing: change up the description on your platforms, try a new platform, raise the proposed rents, or practice reaching out to those "bad leads" of FF.

We have not done anything on the land yet because its very far from all our primary residences and does not have basic things like a well paved road and a water source.

I have excellent credit, $100k in savings, the lot value to use as collateral and about $500k equity in my primary residence. 

Chandler doesn't have much inventory in the way of 2-4-plexes as that area is a suburb of Phoenix and is almost exclusively single family residences,with apartment complexes sprinkled throughout the area.

You can have "good" residents and market rent...no need to settle for one or the other. 

Is there a full-sized gym nearby that would be willing to waive their start-up fees for your residents in exchange for a referral from you?  

The city is projected to add over 1 million new residents by 2040, with a significant portion of this growth occurring in the next five years.

Investment Info:Single-family residence wholesale investment.