That said, complying with local ordinances and ensuring the lot isn’t in a restricted area will be key.

The key is to pick the right out of state market.

In some areas, purchase prices and value add opportunities align well with BRRRR, while in others the margins might be tighter.NOI plaus a big role in success, esepically with MF, so increasing rents and reducing expenses are key.

The key is to pick a lane—focus on improving as an investor, finding great deals, and letting a solid property manager handle the operations.

That experience taught me the importance of leaning on local expertise, even if it feels like an unnecessary expense at first.One strategy I’ve seen work occasionally is offering the tenant a “cash for keys” deal, where you pay them a small amount to vacate voluntarily.

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up.

Properly collecting these fees is a key part of financial success in real estate investment.And hey, why stop there?

Inventory situation is another key element.

And if you build it the right way, you can always fall back on the long term rental strategy here too.Location is always key here.

Again how we balance automation and the use of AI for ops streamlining with human-centered property management is key.