Gentrification + Cash Flow Properties

[Paxton J.]

I've been researching the Indy market due to its low entry point for REI. I have $50k in cash and access to a home equity line of $150k. I'd like to ideally get into a couple of properties to generate monthly incomes of $500-800 or more per month. Looks like I might be out of the price range for Fountain Square but what about the surrounding neighborhoods like Englewood? Or am I better off getting into a rehab and flip?