Most appraisers are not inspectors.

Quote from @Waleed Elgindy: Hi everyone, I'm looking for my first multi-family investment and am looking at Indianapolis (Carmel, Fishers, Noblesville area).

I'm setting up an appointment with inspector, contractor, PM, and insurance company. 

Here's an example:A few years ago a bank draw inspector tripped over some lumber while inspecting the framing of a new construction project I was working on.

I used to live in Indianapolis off of 82nd and Allisonville Rd.

So I am currently within due diligence period on a property and my inspector identified that majority of the home's siding is asbestos siding - pretty much everywhere except the front face siding.

My advise is to call the city inspector.  

With $30–45K in savings by next year, what types of deals should I realistically be targeting in Indianapolis and surrounding areas?

I invest in the Midwest (Indianapolis metro area).

For Indianapolis, STR are going to be mostly for sports and the convention center.