If you rent this condo out and it brings in some positive cashflow, and then you move into a multifamily say 4 unit with an FHA or even conventional loan, you'll probably be spending about $40k-$50k all in on a high quality property.

Coming from someone who bought their first investment properties out-of-state, I would highly recommend it!

Screaming high / fast interest rates employed by the Fed, $10 Trillion in federal spending, extremely low home sales, corporate earnings revised lower and lower, inverted yield curve for Treasury Bonds, etc…, all indicated a recession on the horizon.

However, it is ideal for the high-income earners (and thus high tax liability). 

That's going to be tough in a high price, higher interest marketplace.

The As are likley too high value for most investors. 

But now that prices are so high, interest rates are high, insurance premiums have shot through the roof, etc. many investors are wondering how to make this work.

My wife and I are both high earners and are looking more to make our money work for us by purchasing properties or even possibly private lending. 

While the BRRRR strategy can be highly effective in the right conditions, the current market conditions in Indianapolis (characterized by flat rent prices and high-interest rates) pose significant challenges.

We didn’t and probably wouldn’t furnish it just because of the high turnover and damage that can be done.