Choosing an out of state property

[Danielle Ronquillo]

Hi! I'm in the market for out-of-state properties. I cannot househack due to family reasons and I like the school district that I live in. Alternatively, I can look into househacking in my neighborhood, but everything is kind of expensive here and I don't have any dilapidated homes to renovate. I'm a new investor and I also try to stay away from any investment that requires major renovations at this time.

I have been looking into getting an investment property in Indiana, but undecided between Indianapolis and Fort Wayne. I searched through BiggerPockets "Find Markets" tab and the blogs but haven't found any info yet. Does anyone have any stats about how rentals perform in Fort Wayne and Indianapolis? How are most investors strategizing there (fix and flip or buy and rent)? 

I really want to buy and rent LTR.