With your strong credit score, high income, and solid investment portfolio, you are in a great position to secure financing for an investment property in the U.S., and as they've mentioned above DSCR is something you might want to look at.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

Second: cash-flow get's dwarfed by capex over time, so the only equally strong force you can set against capex is appreciation.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Look for a team with a strong track record in managing rentals like yours, especially in your target area.

I have strongly considered managing on my own in the past. 

Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.

I would strongly encourage you to buy properties that cash flow or break even.

Risk & Due Diligence – Ensure the deal has strong equity, a solid exit strategy, and an experienced investor before funding.