.), you must research the local laws and regulations, which are State specific.

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

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

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.

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

Your profile says you are from CA, are you a long distance investor or are you local?  

Sadly it is always overvalued for the locals as well.For context: the same comparable duplex a client purchased for $750k last february 2023 in Lil Havana is now asking $925k.

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.

Focus on building a strong team, using BP tools to analyze markets, and researching local laws.