I like to get to know the people that I do business with, as I find that "who" you are has a greater effect on how you do business then "what"what you are or "what" you have. 

At that point you don't have any risk of the lender calling the loan due (acceleration clause for the first year), plus you can now deduct from this property (assuming its a multifamily) more effectively.

Does the type of income or way I'm taxed effect what kind of loans I can receive.

Is there more effective techniques?

We were looking to buy... but renting seems to a much more cost effective option. 

How will it effect market and what do you see happening in Indianapolis real estate market in near future?

I don't know cost details yet, and obviously that's a huge factor, but I was just curious if anyone here had given it a shot and how effective it was.

I would not expect him to take your word unless he is familiar with the appraiser you selected. 

I'm thinking about adding some value and exiting with a short term hold (3-5yrs) to trade up via 1031.Occupancy will not effect your financing when you are buying above 4 units.Mark

Be more careful when selecting an agent.