Cash flowing in Indianapolis

[Manav Mandhani]

Hey y'all - I'm an out of state investor looking at diversifying my real estate portfolio by dipping my toes into other states. I have familial ties to Indiana which makes it an interesting prospect to me but I wanted to get a local perspective on rental property investing in the area. My primary criteria is that I need to be cash flowing over $100 by putting 20% down at most. I'm pretty flexible on budget. How realistic is this to achieve in the Indianapolis (or neighboring) markets? 

[Gloria N Gear]

@Account Closed -- Some of my favorite neighborhoods for buy & hold are Eagledale, Riverside, Brookside, Little Flower, Christian Park, Bean Creek and Garfield Park.  Yes, there are areas of Indianapolis that are very street by street, so you really need to build your "boots on the ground" team.  No, Indiana is not hard on landlords, I am one myself and have had no issues.  Most of the investors coming to me say that Indiana is more landlord friendly than other states.  I think the key to that is getting a good property manager.  (I am not a PM, but I can refer you to several).