And let's be smart, would ya rather go where every a-hole from around the country is going to produce more rental inventory, or operate where supply is still insanely constrained? 

Most of our current inventory qualifies for a 4.25 to 4.75% intrest rate and can acquired with as little as 5% down.  

Currently Indiana is experiencing exponential growth and we do not have enough inventory to keep up with the demand.

You can acquire one with as little as 5% down now with a Fannie Mae conventional loan ( and maybe even add in dollars to update).

Places would no longer appraise.People cannot sell their homes easily either as there has been a flood of inventory, seller expectations are still yesterday’s prices and days on market are through the roof.I personally know a number of people that have went bankrupt, lost properties and a ton of people that have lost money in the six or seven figures.People that purchased new construction years ago are not able to close on their purchase as they are now worth much less and can’t afford the payments.

Increasingly Non-QM or non-conventional lenders (not Wells Fargo or Citi/Chase) will offer International investors financing from 65-80% LTV on SFR & Condos and 65-75% LTV on 2-4 units.

-"commercial" local/regional tiny house builders will offer some financing option or another, find someone local in your price bracket and work with their financing-park models can be financed through dealers/(etc), and small ~400 or 600 sq ft singlewides, although getting spendy, perhaps, could look attractive once you factor in the negative of anything smaller being tough or impossible to conventionally loan down the line.

I am financing with a conventional loan.

FHA, conventional, 203K, homestyle, etc.Rates will vary but I'd recommend speaking with an investor-friendly lender who can look into your specific scenario and help compare loan options.

I'm planning to purchase the SFR with a conventional mortgage, but my mortgage broker and underwriter are telling me this will create a lot of issues both legally and with the bank once I demolish the property and try to subdivide; since the mortgage is for the full property.