You can also look into building a rental portfolio which is a little less hands off compared to flipping.

We know that they’re building up, it's near a hospital and it is a good neighborhood.

If the property has solid appreciation potential or you're building equity while learning the ropes, it could still be a good deal.

I have decided that I don't want to build a real estate empire but rather generate that cashflow from as few properties as possible. 

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.

Meet fellow investors in your area and build relationships with them.

•Deal evaluation: Simple, actionable advice or tools to help me confidently analyze and structure deals.I’m also looking to network with wholesale-minded agents, understand local buyers’ preferences (buy boxes), and explore mentorship or partnership opportunities that can help me gain momentum.I’m eager to learn, take action, and build something impactful for my family.

However, if you're a W2 high income earner or business owner, I can't imagine it makes any sense to flip houses, mail mass post cards, wholesale, or build lead gen websites with the value of your time being better spent other places (such as learning about real estate and increasing your income through proven means), such as at your 9-5pm or growing your business, and your real estate is a long term process and you don't need "home run" deals to qualify or make it work.

So house for house, apartment building for apartment building.Have your parents considered renting the house they are living in for two years and moving back into the rental unit for 25 months.

Since you have a primary focus on house hacking, saving money, building equity in your current investment.