Truth is...I don't have time to allocate to doing those things and be effective (or perhaps in part because I'm lazy, sure).

Are properties that are scheduled to be sold shortly at an upcoming tax sale, better to focus on, even though I have very limited time in which to make an effective direct mail response connection?

I like to get to know the people that I do business with, as I find that "who" you are has a greater effect on how you do business then "what"what you are or "what" you have. 

At that point you don't have any risk of the lender calling the loan due (acceleration clause for the first year), plus you can now deduct from this property (assuming its a multifamily) more effectively.

Now, whether that suit will be successful is another story.I would say this: you are generally free to set rent however you want.

Does the type of income or way I'm taxed effect what kind of loans I can receive.

Is there more effective techniques?

We were looking to buy... but renting seems to a much more cost effective option. 

How will it effect market and what do you see happening in Indianapolis real estate market in near future?

I plan on moving into the basement suite of the new property and renting out the top suite to cover 75% of mortgage.