They also noticed the furnace and hot water tank is missing / stolen. 

But for someone thinking about scaling and possibly repeating the strategy in multiple markets.. say, Austin or San Antonio-going the investment property route might provide more long-term flexibility.Have you noticed lenders trending toward stricter definitions of “second homes” versus investment properties?

@Sanjay Singh but I’ve noticed that many houses there are within my budget ....Can't comment on the Indianapolis market but generally speaking buying real estate in a particular market because the housing is within your budget is not a valid reason to invest.

This allowed them to keep part of their funds liquid for their personal project while still deferring some taxes.Also, I noticed some great advice in earlier replies, particularly about HELOCs and the pitfalls of LLCs for 1031 purposes like @Maureen McCann explained it perfectly.

Defintely lean on those who’ve gone through it before.. it’ll help you dodge those pricy early missteps.When I looked into places like Omaha, Austin, or even San Antonio or Phoenix, I noticed a certain rhythm... and Invsetors I know actually learned a lot just by sitting down with some local landlords over a cup of coffee and hearing stories.

You'll noticed I'm based in one of them!

I noticed the same thing! 

if i buy a rent ready house off the MLS, and put it under management with a good PM... that's basically turnkey too just without the label and the provider.one thing i notice on BP is how many new investors think they're being guaranteed outcomes rather than processes. 

I noticed a triplex that seemed to have an interesting bit of information in the description."

But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?