it's a nice, expensive place to live but tougher to house hack unless you buy a big house and rent out individual rooms.)also, as @Jonathan Greene alluded to, the more you're willing to sacrifice, the better it will work. 

I have spoken to my neighbours but they do not know who the HOA board members are ( it is a large complex with 100 + townhouses).It is very strange but it has not proved to be a problem in the past as the management company deal with the properties externally ( eg painting ) and the common parts and have always done so competently and individual oners deal with the inside of the properties.They are now proceeding with the painting without doing anything about the termites.

I can't comment on the Indianapolis market but I am always weary of individuals jumping into flipping houses as their first exposure to real estate.

Often times these approved vendors are more expensive than the individual you can contract with on your own because they know they are the only show in town.3.

Which option makes the most sense may depend on the individual’s goals and how much time they can dedicate to learning note investing or setting up and running a note business.

@Yixuan Du I would recommend going to local Real Estate Investor meet ups in your market to meet like minded individuals like yourself who have already done what you want to do.

I’m always eager to expand my knowledge and network with like-minded individuals.

This guarantor, who may be an individual or another entity, will be responsible for the difference between what is owed to the lender to make them whole and what has been recovered.If the lender makes the loan to an individual (natural person), this person is implicitly the guarantor via the note, and no separate guarantee is needed.

That will be up to the facts of your individual case.

.: Quote from @Scott Mac: [1]  A down vote button seems like it will lead to Cliques forming in the background, with people getting together to downvote certain individuals based on like or dislike of the individual.