For first flips better to start with a  small cosmetic rehab  until you get to know the process and the team well.

➡️Develop a strong team and business structure.

Our team can get this done!

Hey BiggerPockets team! 

My wife and I are a team in our business too.

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

We have a team of experienced agents ready to find you your next great property!

All important factors to consider- population growth or decline, job growth or decline, inventory rate and movement- is is a seller's market getting stronger or softer or a buyer's market getting stronger or softer?

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time.