Irvington Indianapolis - could 2bed/1bath work as a rental?

[John Lee]

Hello, fellow investors who are familial with Irvington area. Do you think updated 2/1 house with under 1000sqft in that area, is a good idea for rental property (as it could attract young professionals of the area)? All other conditions seem to be ok and this is the only concern so far. Or shall I focus more on at least 3/1 as a rule for everywhere no matter what? 

Thank you for your advice in advance. 

[Angela Smith]

This is the only one that pays like that.  She pays using a trust fund that she has from an insurance payout following injuries sustained in a childhood car accident.

Why do you consider this a red flag?