On the other hand, several states require a license to make business-purpose loans.

I arrive in Portugal a couple of days ago.

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

They would offer a more hands free approach, but eat up the profit in return.

I appreciate your first hand experience with them as there are so many scams out there.

Are you marketing to families/groups or couples?

Buy when you feel like you really know what is going on in the local market like the back of your hand. 

Coupled with persistently high interest rates that may last for years, rising insurance premiums are inevitable, regardless of your property’s condition.

I don’t want to just cut cost though I want to understand what I’m doing and be super hands on.

I’ll also connect with locals through BiggerPockets or Facebook groups for first-hand insights.If visiting isn’t an option, lean on a reliable local team (agents, property managers) to help vet the area.