@Brandon Payne courtesy of Cameron Harris, here is some great high-level info.2018 State of Downtown Indy: https://patch.com/indiana/indianapolis/2018-state-downtown-downtown-indy-inc-shares-growthRedevelopment of PanAm Plaza: https://amp.indystar.com/amp/1646337002Old Airport Site Redevelopment: https://www.ibj.com/articles/70966-airport-board-approves-214m-land-sale-for-infosys-campusThe Lawn @ White River: https://www.ibj.com/articles/70671-state-plans-27m-permanent-concert-venue-for-white-river-state-parkTwin Aire Development Plan: https://lisc.app.box.com/s/0389cx7xicqpnpay1ov4fdabxboiutulIndy Go Red Line Rapid Transit: https://www.indygored.comI have a bunch of notes on economics and affordability, community development, and business growth as well if you're interested.Actually I am also moving there as well (on Sunday!)

If I had to wager black or red, I'd put my money on the App bubble.  

If you're not already working with an attorney to help you draft your issuer entity's operating agreement, I definitely recommend this also.One last comment: in my experience, knowledgeable investors will expect to see a PPM and, if you don't have one, it is often a red flag.

Im even building from ground up now doing SFR to MF conversions on lots zoned for MFs, the rent ratio for MFs still dont work without a bigger down or larger value add expense... lots of red costly red tapes.    

Photos on Zillow or Trulia or even from wholesalers usually look great (and maybe they are) but they don't always depict the actual neighborhoods which could impact your rent, potential turnover or red flags.One more thing....BRRR'ing is C class neighborhoods is not a slam dunk in my opinion.

Are there any red flags in the listing?

Your returns would be significantly less as you would have to give more profits to the fund investors but less red tape

My goal is to become THE dominate player in debt investing (not just mortgages) in my state and help out the residents in my state by getting them to pay their loans. 

@Jason Merchey those are red flags that shouldn't go unnoticed.

If they don't, it's a bit of a red flag.