This property’s location in South End is a major win—walkability to shops, restaurants, and the light rail makes it very desirable.

I don't even think its worth a sub-to We had a similar deal last summer that looked like it was on a glide path to closing and then the REAL numbers came to light and the wheels fell off the bus. 

Hey Dan, shoot me a DM, I'd be happy to jump on a call and shed some light on the rent data. 

Down payments on DSCR purchases can be as low as 15% right now, and as you noted, they don’t impact your DTI.

If you had priced it 50% higher, it would probably be sitting vacant several months later.We have a property near several low-income apartments. 

There are a million low cost or free options out there.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

Tornado, wind, hail, flooding if in a low spot, general weather related.

During the 2008 financial crash, low paid, low skilled workers were laid off in droves.

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up.