During the pandemic I was working with several traveling nurses who were looking for short term rentals in the area, close to hospital systems, and were willing to pay 50-70% over market rent for 3-6 month leases. 

I'm Bre from the Kansas City area, passionate about real estate investing for 2 years.

The asking rent growth rate of the metro's eight underlying submarkets over the past 12 months has been mixed, with cumulative change rates ranging from 1.9% (San Gabriel Valley) to -3.0% (South Bay).Competitive Inventory, Employment, AbsorptionTotal employment in the Los Angeles metropolitan area increased by 14,200 jobs during the first quarter, representing a growth rate of 0.3%, while industrial employment contracted by 2,043.

The area I invest in produces good cash flow and good appreciation as well.

Natural gas is widely used in the area and can be brought to the property for roughly 40k.  

Are there area-specific obstacles or opportunities that I should consider before choosing Indianapolis?

There are a lot of townhomes being built in this area, which is a thought of developing those on one section of the land, and contractor garages separately where they could be slab on grade and more flat area.Thanks,

Therefore, having someone who knows the area like the back of their hand is imperative.

Begin to network and never stop educating yourself.If you ever consider the Kansas City area, I'd be happy to discuss the current market with you.

Demand outpaces supply in these areas.