I agree.. just look at any large mid west or rust belt metro.. there is a ton of houses avaliable the question though will folks buy in certain neighborhoods where inventory is readily avaliable you can buy existing in many of these markets for far less than new builds.. so to me its really a neighborhood issue  a school issue a crime issue etc etc..

Understanding STR regulations in a market is an essential "must do" when it comes to evaluating a short term rental.

I have lived in Santa Fe for 5 years and am plugged into the commercial RE market as a full-time investor. 

Challenges and Opportunities Unique to IndianapolisSeasonality: Tenant interest tends to slow in winter, so try to avoid vacancies during those months.Diverse Neighborhoods: Indianapolis has varied sub-markets.

And if you’re into marketing, knowing your way around Canva or even basic social media scheduling tools would be really helpful too.Finding a gig might take a little effort, but there are so many opportunities out there.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

Rent control laws are market specific.

I like the simplicity I get from VRBO market maker and can use that to set my rates through Host Tools.  

Study the market.

We bought for 130k, put about 45-50k into it and the market is showing we should be able to sell around 300k.