The labor is cheap but is usually terrible quality.You have very little insight into the governments plans for development and i have seen that have amazing impact on some areas and terrible impact on others.If you are going through with the purchase i wish you good luck and urge you to consider traffic patterns.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.

Most of our loans are fully amortized and those that aren't, are 10 year balloons where we'll have more than 50% equity (at the purchase price) upon loan maturity in 2030+. 

Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!

If I'm staying one night somewhere, a quick business trip or something into Denver to show clients homes, a hotel is my choice.

Sister starts to dance and trips and falls.

Taking a trip to the city will also help you get a lay of the land and what you can expect from the specific market you settle on.

Add AC and you need a good HVAC tech...if they come from the next town, again their availability may be limited and they may charge trip charges.Do you know this town well? 

I meant to respond but just got back from a long business trip.