I remember the rental market for long term is strong with a lot of soldiers in and out.

I strongly recommend. 

@Sharon AsayagIndianapolis's real estate market is attractive due to its diverse economy, affordable housing, and strong rental demand.

Still close by but much more friendly tenant/landlord laws, property taxes are 4th lowest in the Nation, strong appreciation, job growth, population growth, etc. 

I went into this with a real estate license, so my understanding of how property is bought and sold was strong, but there is little in the training about this. 

Just be sure and stress test the aggregate performance of old plus new property with additional debt on the old property.  

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, in addition to having a strong value-add element.

I would advise you to approve this applicant unless there is a strong, objective reason not to - such as eviction history, a recent criminal conviction, or their income (including all disability income) is less than whatever standard you have used for all of your past tenants.  

I have only been at this a little over a year, but have learned patience really is a strong virtue in this. 

Best for short-term use, as rates are higher.Given your strong W2 income, excellent credit, and LLC structure, any of these should be feasible.