To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Just know them going in so that you can properly budget.

Then put yourselves on a budget!

@Erica King Sounds like this is more of a personal budgeting concern rather than a real estate one.

A friend of mine from abroad plans to buy a property in CO or FL with a budget of $10 million, but she plans to use Bitcoin to pay for the house.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

Some people are able to save money and budget and others are not really good at it.

Eliminate debt, establish a budget, and save.

I’d recommend using Excel or a tool like Trello or Notion to track what you need, compare deals, and stay on budget.

Indianapolis is a great market for both long-term and short-term rentals, especially within your $400K budget.