Challenges and Opportunities Unique to IndianapolisSeasonality: Tenant interest tends to slow in winter, so try to avoid vacancies during those months.Diverse Neighborhoods: Indianapolis has varied sub-markets.

Stabilizing inflation could create more predictable home prices and rental yields, but affordability challenges—especially in urban markets—remain a concern.

The challenge is knowing how to scope out the renovations properly and understand your construction costs. 

@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.

That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues. 

So, even when the market is challenging, you can still see properties and stay current.Don't take a break when the rates are high.

With the fires, labor and materials are going to be in short supply.

You could also try to find a seller who wants to do seller financing and take a risk on you, which would be challenging to find.

Whenever I face challenges, I tap into my inner Goggins, reminding myself that if he can conquer the impossible, so can I.And let's not forget Think and Grow Rich, a timeless classic.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.