We are looking into the possibility of starting out OOS investing in Indianapolis.

If you have, you have put yourself at great personal risk.Again, I recommend you get a lawyer as soon as possible.

It would be possible in other ways like a lot of hot client leads but anything other than that will probably be specific to what that agent needs.

As I take in as much content as possible from listening to the Rookie Real Estate podcast, I feel drawn to building multi-families and renting them out.

Now that I have answered your question, I'd like to share my questions and possible concerns. 

I'd also possibly be interested in buying it.

Your realtor will be able to give you a much more detailed market specific answer but with house hacking and a VA loan it should be possible to get 0 out of pocket.

I think tax benefits should be secondary to buying something that would work well as a STR.I would recommend you consult a tax professional to see what possible tax benefits you could receive from buying this STR.

Depending on how long it takes you to save up the amount, you might want to also allow for inflation on that amount for your continued savings.[2]   Read Rich Dad poor dad.[3]   Think about getting a second job - possibly a temporary job - save a 100% of the money.Just my 2 cents.

It's still possible to BRRRR now, but the deal has to be muuuccchhh better and those are just much harder to find.People are still making it work in real estate though, primarily by getting more creative and often needing to add even more value to make the numbers work.