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.

You can change school districts in first or second grade and there will be no noticeable difference later on. 

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.

Really high-level stuff!

But, the turnover in employees was high.

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.

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.

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. 

A HELOC would be my ideal situation but credit is not high enough.