But I interpreted this seasoning requirement to not apply if there's no first mortgage on the property (initial purchase was all cash). https://selling-guide.fanniemae.com/sel/b2-1.3-03/cash-out-r...

Alongside acquiring rentals, I'm interested in establishing a service-based business within the real estate niche, potentially offering maintenance or renovation services.To make the most informed decision, I'd appreciate any insights from experienced Indiana investors on:Top Indiana Cities for Long-Term Rentals: What cities offer a strong rental market with factors like stable vacancy rates, positive cash flow potential, and opportunities for property appreciation?

I am based in Charlottesville VA and even though I make excellent cash flow on my STRs, that cash flow has always been dwarfed by my appreciation.

Suppose one of your clients decided to cash out their property.

We’ve had cash offers 15-20k over asking with escalation clauses on our flips.

Ya that does seem high, but I do know that they went up earlier this year and they're making an effort to increase rents to compete with the all time high cash rents in the area. 

Definitely a cash flow versus appreciation play.

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

The cost of entry is low, and cash flow is high.

Purchase price: $1,000,000 Cash invested: $300,000 Commercial Industrial Warehouse in Davis