The value of individual agents within this framework covers the spectrum from the relatively incompetent newcomer doing this as a partime hobby to the vastly experienced professional with a knack for negotiation and an ability to find a market for hard to sell properties. 

I am working with a very experiences builder and a friend of mine who has 10% equity in the project, is consulting for me and he has built homes on both ends of the spectrum.  

I don’t think it’s necessarily to keep others out just that there are so many nuances that most developers only know their specific market and niche and don’t have broad exposure. 

We're concentrated in the Meridian-Kessler/Broad Ripple areas.I'm curious how other investors did in Indianapolis and surrounding counties.  

Would love to hear the other side of the spectrum from an investor who would disagree or challenge the points @Michael Worley made here.  

Addressing the LTR concern: both counties have used grants to boost low-income housing (in the form of apartments that prohibit STRs) rather than imposing broad restrictions.

Try to determine for yourself where on the spectrum your apartment falls, then list there.

I would just encourage you to think more broadly about guest types for midterm rentals.

I think your post was too broad to get many responses.  

Oh, I should add this is a good post on KC zip codes and which are the best for investing (although it's a little broad as some zip codes have both good and bad areas).