I can also get great data on needed adjustments in pricing, decor, and amenities for slower markets by automatically surveying every person that comes to a showing.

My borrowers in the area are adjusting to BRRRR or converting flips to rentals.

Map out the route you want to go based on your current real estate knowledge, then constantly be adjusting the direction you're headed as you learn more and more.You hit the nail on the head, this industry has several different avenues to take; beware of shinny object syndrome, because just as you start gaining momentum in one direction, you'll be pulled in another. 

It has adjusted some of my underwriting factors to be more conservative over the next 1-2 years.

Capital gains, schedule c business income, schedule e rental income etc. look at your return for Adjusted Gross Income.

The only "unknown' when getting a property rehabbed,  is the final cost and time to get it fixed by the contractor.Indianapolis like most other markets will get affected by whats happening with this Virus and I think is important to adjust ARV so when comes time to refinance you can successfully take all your initial cash out the property. 

@John Teachout That's a good idea, I might try that for 3-4 weeks & adjust from there.

One of the worst mistakes you can make is to follow your competitors off the ledge of the cliff when your internal data and your transactional benchmarks tell you there’s no need to do so.Don’t panic, adjust your pricing strategy based on the market data and nature of your rent roll.

Assuming all numbers are correct, the next step would be to "adjust" the purchase price of the property to make your target metrics.

Knowing values will come down, we're using numbers that are adjusted with the lower market value when calculating deals right now.