It's a Passive Investment Strategy and Rental Houses etc. are not completely Passive.

I'd also try calling the court house (or whoever issued the writ of possession) and ask them about options explaining that your calls to the marshall's office go no where.

Also, the ADU is 3 bed/2 bath and detached from the current house.

If the house value goes way up, the seller has taken a loss, as without the option, he could have sold for more.

Indianapolis hosts a lot of events so people travel into town for all sorts of conventions.MTR market is also strong as we have a lot of hospitals downtown as well as traveling professionals who need furnished housing. 

I plan to gut renovate an entire multi-family property.

With your amount down, I'd say that house hacking or investing in a single-family rental are both solid options.

But right now, i currently own a SF in KY and am house hacking a duplex in round rock Texas.

I closed on a nice house in a B to B+ neighborhood in Ontario, CA.

Since you already own a couple properties.Really just drive around, find beat down houses then start dialing.