Remember, you can get a FHA loan with only a 3.5% down payment. 

*remember taxes and commissions 

Indianapolis is almost perfect as it has a lower entry point, growing economy with good deals, but is about 3 1/2 hours away. 

The variation above makes it very easy to buy thinking you are getting one thing when you might be getting another because there can be 1 mile difference and 10X average home priceIt is a rare combination of a growing, healthy economy with MANY affordable housing options.

Just remember: most negative reviews are written by problematic tenants.

Buyers and sellers creating a market that just grows at a normal pace. 

Now, if the OP wants to let them out sure, do that, its fine, just remember that leases are there for a reason and you WILL have costs associated with this renter deciding unilaterally to just ignore the written lease.

It all depend on what will make you sleep better at night.If you are expending your business and expecting to grow your asset over the next few years, it may be worth starting having the structure in place for it.Using LLC to hold your properties should be tax neutral.

Just remember they may have different values and expectations of what they like and what you want/like.

How much more could we grow if we tried brrr.