According to our understanding:1) California does not recognize REP status, but we could claim it on our federal taxes, is this correct ?

At 19, your friends may not understand your drive.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Quote from @Rick Albert: I would talk to someone who understands this and explains the probability of success.

Understand that they all have an incentive to sell you a property.

No excuses for being unable to read or understand it.

So if I understand correctly, RWN brought shady deals to their investors, watched them invest without proper due diligence and investors got screwed?

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

Here’s why:Affordability: You can find solid properties here well within your $200k–$300k budget.Cash Flow Potential: Indianapolis has a growing population, a diverse economy, and relatively low property taxes compared to some other midwestern markets like Cleveland.Investor-Friendly: Indy is landlord-friendly with strong rental demand, especially in neighborhoods near downtown, universities, and revitalized areas like Fountain Square or Irvington.If you’re open to a strategy involving light renovations, there are plenty of opportunities to add equity and boost rental income here.

I've done this several times, it can be a little awkward sometimes but most tenants understand.