Vacancy and Rental Rates - Indianapolis, IN

[Dave Jackson]

I am a new investor seeking out multi-family properties in the Indianapolis area to buy, reno (if needed), and rent out.  I was curious as to what the average vacancy rate is for these types of properties and how much I should charge in rent to make vacancy rates low but still maintain a good income.  Obviously I now there are a lot of variables missing in this generic question, but any guidance at all would be helpful.  Thanks!