Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

This is great news for real estate investors, as the TCJA introduced several tax benefits that directly supported the industry.

I'd love to connect and support you as you start on your journey. 

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!

Tips – Work with a lender experienced in DSCR loans, ensure the property's cash flow supports debt payments, and compare lenders to get the best rate and terms.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

I am a 20 year old college student at Purdue University, currently completing my 2nd semester of my Junior year.

You need to have the income and tax liability to support the depreciation.

Dodd Frank corrects this by requiring the price be supported by an appraisal or some  basis. 

Are you able to get an extension on closing to support the timeframe of lender B?