Out of state Buy and Hold /

[Terron Winn]

Good Morning, Good afternoon, Good evening BP. 

I am a new investor looking at purchasing in the Indianapolis market. My strategy in purchasing a home is using a HELOC from my primary residence from California but I am a little confused on what a great rental is.

I have searched Zillow, Trulia , Mibor and I have also had a few realtors send me properties. I see a lot of properties that would work in my favor but I am uncertain on if it will ever be rented out. I take gross profit and subtract 40% to cover PM, taxes, debt service, and other expenses and I still have a decent net profit. However, when I see these properties my mind gets flooded with other questions that are crucial. Like Crime, vacancy rates, a,b,c,d class neighborhoods. 

My question is, If I locate a property that I think will work, would someone be kind enough to go over my finished analyzed project? I would give you my opinion of the property then you tell me why I may be right or wrong. . Kinda like homework for me :)

Please and thank you in advance. 

Terron