i was hoping to get advice on the best way to fund the next part of my real estate journey.

Invest back into the property to get a higher rate/occupancy, fight for just being the lowest price and cleanest rental in the area, or explore another exit strategy (sell, MTR, LTR, etc)

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

If you want something free excel would probably be best. 

Don't discriminate against children, charge different rates for children, etc.4. $100 a month doesn't sound like enough.

An unsophisticated borrower can focus on their mortgage payment vs. rental rates instead of what the property is worth.In the example above, the $85K sale price could be justified if the seller did an extensive rehab, but they wouldn't be trying to sell the note for $40K if that was the case.

Or at a local real estate meet-up is another great option.3) IMO (duplex, triplex, quadplex) are best, butttt in some areas supply is limited.

An Architect can look out for your best interest in the project plus can bring all the Engineers necessary for the build (Civil, Structural, MEP, Sprinkler/Fire suppression, etc.)As far as the build itself, if it's in an established city or town on a tax lot, then you'll need to go through the design and permitting process, gain zoning approval if necessary, and then build up from there.

Best regards

Also, depending on the project, you might be able to lock in a good rate before interest rates climb any further.I’d love to hear if anyone else has invested in new construction properties, whether in Indianapolis or elsewhere!