Coming from someone who bought their first investment properties out-of-state, I would highly recommend it!

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.

Please help if you can as this is severely negatively impacting our occupancy rate.Greg

However, it is ideal for the high-income earners (and thus high tax liability). 

The As are likley too high value for most investors. 

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.

That's going to be tough in a high price, higher interest marketplace.

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.

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.