However, like any market, success depends on selecting the right neighborhoods and building a solid team on the ground.In Indianapolis, areas like Broad Ripple, Fountain Square, and Irvington have seen strong appreciation and rental demand, but they can be more competitive.

That’s the key benefit.As for the cost segregation study, whether or not it makes sense really depends on your tax situation.

Probably depends on the location and part of town if neighbors care or notice. 

Depending on your market, you can look up sold properties on Zillow.

This question is definitely very location dependent - licensing across state-lines is a tricky thing to navigate so depending on the size of the lender they may operate in one metropolis or all over the country.

Quote from @Peter Stewart: A lot of the answer depends on your income, how long it took you to save up that money, and what your risk tolerance is. 

Would depend on the full situation though if that would be possible.

It'll be property specific depending on the condition but I'd say anywhere around 5% is going to be a number to start with. 5% cap ex. 8-10% for management. 5% for vacancy.

And the "hook" is that it's paying 12%+ interest distribution plus depending amount LOANED (one may say invested in a note but again, if a note is a loan, it's not investing is it, it's a loan, a loan is a loan is a loan). 

Depending on how much equity in the property would be key as you cannot borrow 100%, if its investment property 80% is max typically.