If I were in your shoes, I would find a way to diversify beyond Indianapolis, into at least 2 other regions of the country, by partnering.

You're an Out of Region investor and technology is avail to keep up to date of your property. 

They are like prepackaged buttery deals of ROI goodness, love'm.I have some on the edge of hell, and others in middle/upper class regions in norther Virginia.

I'm new to Florida (tampa region) and trying to find different ways to build a reputation.

via online and/or people who have strategies so creative, that they're confusing to a novice such as myself. there seems to be sooo many ways to conduct deals and most "teachers" can only "teach" the ONE way that worked for THEM, probably after much trial & error. issue 3: i'm not sure i'm tackling my priorities in appropriate order. i dont want to waste time. i'm eager to acquire my first property and complete my first deal.last issue (for now): in my world - family, friends, neighbors, etc - know nothing about investing. get a job & work until retirement is the name of the game. my folk seem to be "silently negative" about the idea. they mean well but have been exposed to so many scams, anything other than a secure paycheck is ludacris to them.my immediate goals (if i even know what they should be at this point) are to find an experienced investor(s) in the southeastern PA region to help me assess my plan of action. also, i believe i am at the point where i am ready to consult with an attorney about the initial contracts and applicable laws.thanks to any and all who can provide me any guidance at this point...ps - lemme know if this post is too long for these forums.

You might try a Credit Union or regional bank that holds mortgage loans in their portfolio (as opposed to selling them in the secondary market (eg, FNMA or FHLMC) as they might even look at an additional year to comprise a longer term history to average to get a better feel what you make with your flipping business.

We do have a high cost for housing....but when you take into consideration the higher income the region provides, I think the housing is actually very reasonably priced.

These days most of our deals are partnerships, and most of the deals we originate are either one of three types all of which the credit union or their regional affiliate happily accommodate.

HI Soh,You'll need a non fannie/freddie source, local credit unons and commercial or regional banks might support a portfolio loan with those parameters.

One large regional bank is offering a 1.61% HELOC special for new customers, most are offering a prime minus 0.25% for customers that also setup a checking account for auto-draw.In swapping one HELOC for another I was told that you do not need to pay off your current HELOC, at closing the new HELOC provider will pay off the former HELOC holder.