If you have every lived or have family you are visiting anywhere in the Midwest, that's where I would start.  

On our end, its great knowing that our clients can just enjoy the income and focus on their other pursuits or their families without worry. 

On the other hand, there have been many STRs which switched to medium term housing families who were displaced after losing their homes in the storm.

In terms of scaling to three to four multi-family properties, you could really start using the equity that you do have to your advantage. 

Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

There are also a few important laws to consider; including, 45-day return requirement for security deposits, the eviction processes, and Indianapolis' mandatory inspections for single-family rentals. 

@Angelo Costa I would be interested in learning more about multi-family investing.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.

Househack properties in 2024 sold 1-2 weeks faster than they did in 2023.Deals are tougher to negotiate as well. 2 of NYC's surrounding Counties (Westchester & Suffolk) are averaging above asking price sales on 2-4 family properties. 

I currently work with investors building and diversifying their portfolios with Single-family homes over the midsouth/midwest, and I would love to connect with you and share some insight on the turn-key world and swap investing goals.