New Investor - seek advice on B/B+ neighborhoods in Indy

[Manish Sharma]

Hi,

I am an investor from Seattle, WA and recently bought a single family home in Austin, TX in a B+ neighborhood. It seemed like a novice investment since Cash-on-Cash return is just 3%. Now, after reading through various books and listening to podcasts, I think I am in a much better space and looking at Indianapolis for my next investment opportunity. I want to invest in a 120K SFH in a B/B+ neighborhood and was wondering if this is feasible. Also, if people can point to these neighborhoods, that would be awesome. Any other advice for a newbie like me would be appreciated as well.

Thanks,

Manish