I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

We host a lot of networking events and other groups as well such as the multi family club and the cash flow group.

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

But in reality you might just want to think about using a standard savings account And taking a hit from inflation on the cash because the delta from the higher interest account to the regular account is not really that much on small amounts.

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

If you own (2) properties free and clear you could simply do a cash out refinance. 

The school is very good, but middle is not so much.I have some cash to invest, but can't decide what route to take.

you could take $300K and purchase one property for cash. 

November has been our only cash flowing month (barely), but we anticpate cash flow from Jan-April '25.