We also buy the rentals we lock up and offload some too so I'd suggest doing your marketing in the market where you want to build your portfolio. 

I am looking to buy my first investment property and have seen strong fundamentals in Indianapolis (job growth, population and median wage).As an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

Even better if you buy 2-4 units, live in one and rent the rest - then repeat every 12 months.

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right For the best rates, to get near the 7% on a 2-4 family you are going to need to put down 25% instead of 20%. 

You can offer to buy these properties and assume the existing loan.  

My buy box is turnkey sfh 3/1 or small multi newer major utilities and roof.

I would like to account for big improvements too althought instinctively i dont think i want to buy a property that needs any crazy upgrades off the bat.

Yes back when we started buying Avery was in grad school at night and we both had jobs.

Buy a nice 4+ bedroom home.

Buy out partner with Paper.