I’m a realtor and investor in Indianapolis, and I’d highly recommend adding Indy to your list of potential markets.

I have plenty of properties that I can lean on if I must but it is something that I definitely want to get added to my portfolio.

By adding our own real estate agency, we’ve opened up new income streams while making our business more versatile.

We recently looked at a property outside our agents area (2 states away) and found a fee that was added which we questioned and were told it was a mistake and was removed . . . not sure if it was a mistake but be sure to read these new contracts BEFORE signing as things have changed since August.

Likewise, a property manager should be added to a landlord's policy.From my blog: What does it mean to add your property manager as an additional insured?

This will provide you experience, a story to tell, and the credibility needed for adding additional clients.I'm happy to discuss more.

From there, adding discipline will get you to where you want.Instead what you're doing is advertising you have money, no knowledge and are going to have the average BP RE agent(bottom of the barrel quality) come here to promote their services with no regard. 

So the added cashflow to property owners it they are willing to become the developer and increase density that tactic could help more owners stay than could otherwise afford to stay. 

In my case I sold off appreciated properties in a location I deemed as having limited future upside, and used the proceeds to eliminate all debt on the better located prime properties I wanted to keep long term.

@Collin Luckett  Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money.