@Isaac Taylor there’s a small but vibrant crew of us here.

One local broker notes,“Indy is a vibrant place to grow industrial.

The famous 5th Avenue street offers an extensive variety of culinary options, vibrant culture and nightlife, exclusive boutiques, just a few steps from the beach. 

It would take a lot of data crunching to prove my hypothesis, but as I see it Round Rock had a fast “run up” of appreciation 5-10 years ago and it has plateaued a bit as some of the other areas in Williamson County have become the “flavor of the day” right now.

Wait till after he has been home from work for about 30 minutes, grab a 6 pack of a non fruit flavored beer, walk over to his house knock on the door,  hand him one of those non-fruit flavored  beers, tell him you saw the foreclosure listing just you like you told us, ask whats up, let him talk. 

@Logan Heydt since Rhode Island has come up let me say, it has its pluses and minuses like most areas.On the plus side, you'll definitely find buildings that are much more accessible price-wise than the greater Boston area.On the down side, rents will be correspondingly lower as well, and the RI economy isn't nearly as vibrant as Boston.In terms of economic booms and busts, RI is usually the first to dip down when there's a recession and the last to come back.

I think if there is an abundance of commercial space that is no longer needed (and big cities with large skyscrapers would have the largest volume), I think in order to keep those buildings and neighborhoods vibrant, a lot of those may be opportune for rezoning to residential.

Only you can answer what flavor of investment you want to make.

You may want to learn some more though and et control of your finances during this time.I help with the vibrant REI community in Lexington so if you want more details on that just DM me.

2 flavors of the FHA 203k: Standard and LimitedBoth allow you to include rehab costs into your loan but have very different guidelines/rules.