I am looking for any investors, flippers, and investor friendly agents that are plugged into this specific sub-market of Indianapolis. 

An annuity is definitely a different level of risk exposure than this type of an alternative investment. 

Hey Timothy, just curious, are you specifically looking for private money or hard money?

Can provide more specific details if interested in helping.Is this your first house hack? 

I would suggest looking for some local meetups so that you can get specific information about what is working for investors in the Spokane market. 

Again, I like the idea of a new fourplex, it just seems like you’re glossing over alternatives/possible problems. 1) You say you want to hold for cash flow instead of taking $120k cash by selling as soon as it’s built.

The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

@Keaton Sheffert In my town there is a very specific set of criteria for getting either a Special Exception or a Variance for a proposed change to the zoning.

I'd also want the operator to have a favorable track record in general but also with that specific property type, plan and MSA.It's good to know that the operator is making a significant capital contribution of their own, and not just dumping their acquisition fee into it and calling it good enough.

There could also be a change to the HOA by-laws eliminating the right to lease and alternatively if too many units are tenant occupied it could impact the warrantability of the financing which would be problematic if you wanted to sell the unit.