You always have to watch for scammers but they aren't that big an issue.

We are open to MFH but depending on the market we pick they are less common in certain parts of Idaho.

., longer-term, amortized, require escrow, commonly modified b/c of prepayments, etc.)? 

I remember years ago our attorney reviewing one such issue for a client that was coming over to us. 

Its been a wild ride though doing all this through massive inflation and supply chain issue and Covid..  

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

3) Is this a trend localized to Indianapolis, or is it indicative of a broader national issue?

If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common

This might not be the end of the world for you if you have a lot of equity in the project, but it could limit cash-out proceeds and is a good thing to be aware of upfront.The most common in the DSCR market from what I have seen is 3-6 months seasoning, using the appraised value but the loan amount is limited to the cost basis. 6+ months of seasoning, using the appraised value with no further restrictions.

Cash flow of $150-$300 per month is pretty common for many new investors, and whether it's 'worth it' depends on your long-term goals.