I graduated from college in May, and I am currently doing business development (sales) for a property management company while studying for my RE license.

You are also going to need to decide how to manage the property. 

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.

Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.

@Kwanza Price tips for managing contractors:1.

I’m a real estate investor and the owner of a fairly large property management firm here in Texas.

Quote from @Dustin Hagemeier: As someone in property management, I’m pleased to share that we’ve had significant success with the Section 8 program. [...]

@Colin Ford recommend getting experience with your RI duplex before going OOS.You should DIY manage the unit next door, so you LEARN about property management, the goog, the bad and the ugly.Then you'll be so much better prepared to invest OOS!

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

In my experience, making on-time payments and making it clear that they are the first lender I am calling to fund a project have been necessary to building a strong relationship fast.