You should know markets and understand rentals business well.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

Market rents are above $2k, per door.

It sounds like you won't have any trouble qualifying..In Oregon there are some tenant laws that can restrict active CAP rates, but those with current market rents (or that can attain them near term) can approach double digit return rates.

What are your thoughts on the Kansas City market?

I already own property in Oklahoma (a quad) but I live in San Diego, so I want to enter my own market and this would be a more affordable way to do that. 

Because of that, our budget a little more flexible -- it doesn't necessarily have to cash flow right out the door (which I know is almost completely unlikely in the current market for this type of area). 

This could be 30, 60, or 90 days, depending on the market and your comfort level.Rental Terms: Specify any minimum terms for the lease, such as rental rate, lease duration, and tenant creditworthiness.2.

I would look into the Columbus market. 

My market is very over saturated.