I would also recommend looking at cities close to Greenville, like Anderson, Easley, & Simpsonville as well since Greenville can be competitive unless you are looking at off-market deals.Also the non-occupancy tax would be based on the tax assessed value of the property and not the income it produces.

Talk to some of the Realtors in the city and ask them to define where the neighborhoods are and which neighborhoods they think are best.

What part of the city are you located in?

However, my take on this is they did not do sufficient due diligence on many fronts, including city government challenges, operating challenges, infrastructure challenges and marketing challenges. 

Once closed, get the grant deed and submit to the city with all items day one of ownership 3.

The city is known for its vibrant downtown area, which boasts a variety of restaurants, bars, breweries, coffee shops, ice cream parlors, and more—all within a lively, welcoming atmosphere.

What led you to like Indianapolis over the other cities?

Each exchange starts the clock again, and you lose the tax benefit if you do not hold and rent out each property for enough time to satisfy the rules.6) I used a 1031 exchange lawyer in the city that I purchased in.

Building was built 2016 and it was named by the major of the city as one of the best cosmetically appealing medical offices. 

IN Oregon. we have very few derelict houses or building very few.the one area north of downtown ( the old warehouse district) most all bigger cities have those areas.. the City put a 10 year tax abatement for repurposing the buildings to residential so buyers did not owe property tax for 10 years.