If your concern is just about the future demand and prices, I would recommend that you hold tight and ride the wave.

It's actually 75% for SFH and 70% for MFR if you're referring to conventional Fannie/Freddie financing.

obviously no one can know what the future holds, just trying to understand if indianapolis is the right market for me.example source - https://gordcollins.com/housing/us-housing-market-... only market listed with negative forcast is indianapolis

Well now that I'm quickly approaching my last semester of law school and soon will be facing the real world, I have recently been turning more attention to my financial future.

I'm actually going to copy and paste your response into a document so I can keep it for easy reference.  

Even if the rent covers the carrying costs he could still get crushed taking into account vacancy and future capital improvements/special assessments.

At some future point, I will dial back.   

@Tyrece SmithWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

@Bryan Johnson  To ensure that you'll be able to qualify for a refinance in the near future, I would recommend speaking with some lenders now to get pre-approved. 

The Atlanta South REI is also where we were referred as well.