Interested in Indianapolis, Fort Wayne, or any other Midwest city

[Teho Kim]

My research has led me to deciding on long distance investing in either Indianapolis or Fort Wayne (am open to any other decently populated Indiana/midwest cities).

I am leaning towards Indianapolis b/c the price to rent ratios seem better. Alongside, since it's a bigger city I figure that the quality of property managers, RE agents, etc will be better. I am worried however, that because of the much bigger population deals will go quickly and I will have to compete with other investors.

What are your thoughts? Suggestions? Any insights are greatly appreciated!

[Ritch Bonisa]

@Teho Kim I suggest you visit Indianapolis.  Get an idea of areas and understand the condition of some of the properties.  Get on some wholesaler lists, browse listed properties.  Create a Google map and start plugging in info.  This will help you get an idea of what is available and where - price points, distress levels, etc.  Look for patterns and clusters.  Find someone knowledgeable in Indy to discuss some of those clusters with. Reevaluate what you want and what you are looking for.  These things will enable you to be more decisive and help you lower your risk.  

I live and invest in Indy and I still am constantly mapping things and looking at price points.