I could see a value-play here for monthly financial reporting, if not handled directly through PM systems.

@Jacob NevarezRecommend you figure out the property Class you want to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

If it was properly done, it's recorded and should be visible on the title report. 

But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

For the record, I receive ZERO compensation for making this referral!

And, due to the arid environment, property upkeep generally remains minimal, saving on both time and costs compared to areas with high weather impact.Moreover, the mid-term rental (MTR) market in Las Vegas presents a significant financial upside, often doubling the rental income compared to standard long-term leasing.

That can easily become financial suicide. 

Can I even be financially independent in this situation?

When we review Tenant applications that are section 8 subsidized we are struggling to get a good handle on whether a Tenant is financially fit.