Once I get a solid foundation out here, I would like to scale my vision nationwide, since this is not just a local issue.

Hi Jared, I’m a local agent here in Indianapolis and also an investor myself.

My local community bank that I had a relationship established with helped me finance this deal.

Always recommend local (or at least some level of boots on the group).

DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.  

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

Then I'd push those factors out if there were no good comps.  2 miles, 6 months.  2 miles 12 months , etc.It takes some local knowledge to know when you're pushing those parameters out too far to be useful. 

Quote from @Christian Artuso: Quote from @Wale Lawal: @Christian ArtusoSince you're based in Chicago, consider networking with local investors through meetups, real estate investment groups, or BiggerPockets forums to gain insights on the best neighborhoods and strategies. 

Hey Manny I am local to salt lake city would love to connect

But one thing was you don't go from hey we got a problem straight to suing you try to work these out no one wins in the law suit game or rarely.