I’m looking for some single family turnkey properties in a good location somewhere in Indianapolis.

There’s a lot of potential there, especially with its population growth and strong rental demand.Since you’re focusing on single family homes and aiming for long-term cash flow, it’s smart to start by clarifying your strategy (fix to rent, buy & hold, BRRRR) to guide your decisions.

A hands-off garage conversion ADU is over $100, even doing much of the work yourself, it will be much more expensive than your estimate.Single ADU additions in single family zoned areas are typically one of the worse re investments. 

It depends on how the numbers shake out.

It could be owning multiple single-family homes, an apartment complex, or both.

I'm closing on my first single-family home in the Memphis area, which I plan to turn into a long-term rental.

Single family homes, multi-family fixer uppers, even commercial if it makes sense and between 100 - 120k.

Whether this is a single family or duplex/multi-unit will depend on how much cash you have, how much work you want to do, how capable you are, etc.

You've gotten some great feedback from other tax pros but I'll confirm - Single Member LLC doesn't work.

How about evaluation single family or residential properties?