Good afternoon,I’m new to the real estate industry and have been actively conducting market research by driving for dollars in the Austin (ATX), San Antonio (SATX), Houston (HTX), and Dallas-Fort Worth (DFTX) areas.

My issue is that in our area if vacation rentals are not allowed the property values plummet!  

You can close in the business name/LLC here.You are not required to have your investment property in the business name, however, some lenders and bank may require it if they are a purely business purpose, lending institution who servicing companies, mandate commercial purpose only.And yes, finally you can get landlord insurance.I recommend shopping around and comparing a few quotes to get started happy to connect to talk further strategy and detail.

Just this week I saw a property with a leaking underground storage tank.

From PA, my biggest challenge is using the 1% in these areas of Monmouth county.

Identify the area where you want to concentrate your efforts.

Hi Wayne,Other neighborhoods to consider are the following: Near Eastside: This area has been seeing redevelopment and could offer good opportunities.Irvington: A historic neighborhood with a lot of charm and potential for renovation projects.Garfield Park: Another area that's been on the upswing and attracting investor attention.Mapleton-Fall Creek: This neighborhood has been targeted for revitalization efforts.Riverside: Close to downtown and has been seeing increased interest from buyers and investors.Reach out if you'd like to talk about financing options!

So passive losses are only allowed to be used to offset other passive income unless you are a real estate professional or your AGI is under the $150,000 limit to use the passive losses against your other income (provided you have active rentals).  

If so how can I find a good HML in my area?

Why do you chose your strategy for the Indy area market?