As far as areas outside of Indy - there are much less competitive markets close-by for sure.If you're looking to get into buy and hold rentals - areas I've been keeping my eye on is 16 Tech and Riverside.

Hopefully with knowledge and experience you'll become more comfortable with taking strategic risks with eyes wide open to the realistic upside and downside of it.

Your fact is 100 percent wrong.Sorry, gain of a few 100k over the decade, good catch 

It needs to be eye catching but sparkes curiosity.

(also thought about it being boat storage until local development catches up so at least it would cashflow something) going to wait for about one year, before we take any major action (Bridge Development should be rapidly moving along by then - Completion date for bridge is 2024)

With that said, keep an eye on your credit, of course, yet I wouldn't be overly concerned. 

I’d love to bounce ideas back and forth, and I’ll definitely keep an eye out for a 4-plex for you guys.

Perhaps an equity relationship with a contractor can help you get a more experienced eye on the ground, while you handle financing and marketing/closing on the backend.

They are there for us to keep an eye on the property. 

I'm keeping my eyes peeled for anything really.