I have been working on sourcing deals in Lafayette as well, but the market is pretty thin here compared to the options even just on the MLS in Indy. 

If it’s in a desirable area that sells quickly and easy to find comparable sales, doing it myself was definitely worth it.

Yeah, we are VERY new to the game compared to other veteran investors in this game.

, but it was still down ~32% compared to pre-pandemic (boo!).

Gather all necessary financial documents and apply to multiple lenders to compare terms. 

Never know if they will accept.You can increase your chances of success by also including rental comparables in the area to show how much their rent is under market.

You also need to consider the effort and time required to manage a short-term rental compared to a long term. 

Thats to give you some idea of where things line up for where you are at compared to where the market is.

This approach involves risks and considerations, including due-on-sale clauses in existing mortgages.Credit Unions and Local Banks: Sometimes local credit unions or community banks can offer more flexible terms compared to larger institutions.

Cost-Effective Entry:Buying a duplex often requires a lower down payment compared to purchasing a multifamily property (5+).