Anyone Investing in Greenfield Indiana?

[Justin Owens]

Greetings, 

I've got my eye on a 3/1 & 1/1 duplex in Greenfield Indiana. About 20-30 minutes east of Indianapolis. So the drive wouldn't be terrible. What I know of Greenfield is that they have a large manufacturing base for job prospect, so should be plenty of renters.  Its a nice little town, with not much going for it, but pretty stable area with alot of affordable properties. However in my research on rentals in the area I am seeing lot of rent ads that offer a free months rent, if you sign lease by this date, blah blah blah. Almost coming off as desperate to get the places rented. 

Also I've noticed that there is not many rentals listed in probably 10x10 block radius around this particular property which is located near downtown. But lots of rentals listed in the 10-15 year old track home vinyl villages that are all located on the outskirts of town, which are most likely foreclosure buy ups, as this town was hit hard during the recession. That has me worried about my prospects of getting good cashflow with little vacancy in this area for what would be my first property. 

Anybody have experience or opinions in Greenfield Indiana that they care to share?

I want to make sure my first property is a home run.  This one is priced right, but not if its a head ache to rent.

Thanks!

[Shawn Holsapple]

@Justin Owens I owned over 10 duplexes at one point and hated every day of it.

Most are in rough areas and are old [read - Money Pits]

For starters, I would suggest sticking with post war built homes with $700 - up rents to help limit your headaches and maximize your ROI.