I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it. 

Quote from @Gloria N Gear: Quote from @Owen Rosen: Quote from @Gloria N Gear: Goosehead Insurance -- I saved about $1300 across 5 properties and increased my coverage. 

Starting in your 30's is in some cases better in that you are more mature and disciplined about saving and settled. 

-PatrickA high yield savings account has a number of advantages.

I think it is more beneficial to save for the downpayment + 6 months reserves and closing costs.

And yes, maybe "be patient and save" is the best move right now, until a good deal comes along.  

Keep saving money. 

If you have $100k saved up, maybe you can afford to try out a well-vetted coach. 

There's no current loan on it right now.Given that the investor is a family member (that's how I'm reading it), buying the LLC will "save" you money from buying the land yourself as there won't be any closing/transaction costs.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!