Seeking advice for Buy and Hold rentals in Indiana

[Kaydn Jensen]

Hello,

This is my first post on BiggerPockets. I have listened to probably over 100 podcasts by now and have finally realized that it's time I seek out help and advice here on the forums. I have an interest in Indiana and would like to ask for advice on which areas are profitable to invest in there. I would like to purchase at least 2 rental units this year and am looking to spend anywhere from 30 to 50 thousand dollars each including rehab costs. I plan to employ the BRRRR method and therefore would love to find properties around 20-25% or lower below FMV. A few areas I would appreciate your help with:

1. Potential areas to invest in.

2. Reputable Property Management Companies to work with.

3. Reputable Contractors 

4. The average home prices, what I can expect in rent, tips on property type, etc.

Any other advice you could lend me would be much appreciated. Being a "newbie" I don't have a great deal of expertise to provide but I am committed to contribute to the BP community where I can. 

Thanks! 

[Josh C.]

You just can’t get B area for 50k all in. Not in Indianapolis anyway. 80 would be the floor but closer to 100k+. That range you can find C area properties where people actually have jobs and you can make money. I own some of those and we manage lots of them. But not nice areas where people want to live and homes appraise well.