Board Thread:Naruto Discussions/@comment-1018594-20140911053856/@comment-25343176-20140911103741

Took atleast close to a 100 years after hashirama died for the next transmigrants to be reborn. Even though madara was alive when he met obito doesn't mean he had indra's chakra still. He was on life support. Hagoromo stated that before the transmigrance ended he madara was able to mix hashirama's chakra to awaken the rinnegan. So he could've been alive and not be Indra's transmigrant anymore.