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

Median rents in Austin declined about 8% last year, I believe, and sales prices fell about 3% as well.If you’re willing to consider other markets in the Sunbelt, you’ll have more affordable locales to choose from.

It’s also worth connecting with local agents who know the market and can find coverage tailored to your needs. 

Two of the best in the local Denver/Boulder/Springs market who can help you find what you're looking for

Building relationships with wholesalers and attending local Milwaukee REIA and Rental Property Association of Wisconsin meetups could surface off-market opportunities.

We chose to move our business accounts to a smaller local bank to help grow our relationship. 

To find someone, I’d start by reaching out to local rehab centers or recovery organizations as they often know operators who are looking for housing.

Please reach out to a couple local PM’s and see how much rent they would charge and what it would cost you.

I invest locally and invest out of state, and the main issue for most is the shiny diamond syndrome providing you the reasons why investing (insert area here) is the best place. 

I thought that since I did a local renovation that I'd be ready to do a BRRRR or flip in Indianapolis... nope.