Are there particular challenges or opportunities unique to Indianapolis I should keep in mind?

One realtor in particular made me an offer to come work for her if I got my real estate license.

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

Since those particular projects are way out of my scope, I'd love to connect on here with trustworthy contractors that I can bounce ideas off.

Obviously this could happen anywhere but I know it can be particularly bad for landlords in certain places like mine. 

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

They are designed particularly with mother-in-law or next generational living in mind.

And particularly one that pays but a fraction of their real job. 

The motivation is not necessarily to scale into larger opportunities but rather to achieve better balance and also optimize the performance of the projects and types of projects I currently pursue.I have no shortage of individuals who possess specific skill set who would want exclusive rights to that particular service vertical in return for contributing capital and a partnership interest (construction background and wants to take over all construction duties or someone who is a sales broker and wants to list all of the properties etc.)

Don't be afraid to negotiate, particularly if you have a lot of rentals.4.