If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

Also, fly out to visit the market, tour properties, and understand the local landscape before committing.Indianapolis offers a mix of opportunities for cash flow and appreciation, so defining your investment goals is key.

The properties I’ve bought so far have come from good timing on the MLS or opportunities within buildings where I already own units.For those who have been in a similar position, what would you recommend as my next steps?

You will also be less likely to miss opportunities for tax deductions, etc, because you’ve been tracking all along rather than pulling everything together at the end of the year.

If I find a property in the Denver area, I plan to house hack although Denver's price point is a hurdle for me so I'm leaning towards long-distance opportunities.   

You would get a fixed return that's not subject to UBIT and would still get the opportunity to learn the ropes. 

Most only see problems, ever so few see the opportunities and remove emotions to follow the math.  

Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.

You can earn commissions while learning and tapping into an existing network - all with potential partnership opportunities before you go out alone. 

We are in the capital raise mode and I was looking for groups out there that may have interest in looking into our opportunity.