Another option is to consider properties that need some work but have good potential for value appreciation, as these might be less expensive and provide a better cash flow once renovated. 

A typical policy covering up to $15,000 in property damage and $100,000 in liability coverage costs under $200 per year7.

Yes, this is another option.

With the substantial increase in home prices across the state, it has become more challenging to find sound investment options for my clients.

It's worth mentioning for other readers that, while it doesn't hurt, it's not necessary to be a resident or to own a Mexican corporation to buy real estate in Mexico and any non-resident can own a Mexican corporation anyway.To answer your question, depending on your strategy, you have various options, depending on your objectives:* Other beach resort towns whether in Q Roo, Baja California Sur, Puerto Vallarta - Riviera Nayarit, Mazatlan or the Oaxaca Coastline.* Inland cities like Mexico City (the capital), Guadalajara and Monterrey (the 2nd and 3rd cities who are benefiting from the onshoring/reshoring/nearshoring boom and the rise of the middle classes), San Miguel de Allende or Merida.Hope this helps otherwise feel free to reach out.

Doing a quick Google search for lumber yards you seem to have a few options in Indianapolis.That's how I recently found a drywall guy - I called a drywall supply place (thinking they were contractors) and asked them to give me a bid.  

So house hacking isn't really an option for me either. 

However if you are risk averse recasting the loan is a safe, secure option.

These are markets with somewhat to very affordable cash flow options that I have visted and loved and could see myself living for a temporary amount of time for a rehab/primary res, but don't have the minute data and information I am looking for.

Or maybe there's a good middle ground to shoot for instead, or even a totally different option.