Charlotte is a tough market from a cash flow perspective because price points are so high, but some surrounding areas are proving fruitful.

We're concentrated in the Meridian-Kessler/Broad Ripple areas.I'm curious how other investors did in Indianapolis and surrounding counties.  

.: Quote from @Joe Fish:Long-term fixed rate debt and quality location are arguably going to be the biggest two biggest hedges against the play against infrastructure and land.  

@Neil Stark- Our team has been drawn to not only the urban core neighborhoods like the West End Theatre District and Old Allentown but also the outskirts of towns and the up-and-coming towns surrounding the city.

Despite what two short guys on a television infomercial may have told them, or some Guy on a boat surrounded by bikini girls may have told them years ago.

If you are looking for funds to make infrastructure improvements you could try the SBA and/or do some research for any State financial assistance. 

I am concerned the area I purchased in 32148 won't see as much appreciation compared  to a purchase in another surrounding county.

However, there are actually been some court cases surrounding this topic with a slightly different application.

East Tennessee home sales increased 8.9% from the previous month, but were down 1.4% from a year ago.The median sale price was $354,000 — up 10.3% from the previous year.Total housing inventory increased from the previous year – up 24.0% from a year ago.Half of the homes sold were under contract in 28 days or less, up from 25 days a year ago.45% of homes sold for the asking price or above, with 21% selling for more than the asking price. 8% sold for at least $10,000 over asking and 2.6% sold for at least $25,000 over asking.The sale-to-list price ratio increased to 97.8% – up from 97.6% last month.New construction represented 16.5% of total home sales.If you want to dive deeper into some numbers in the Knoxville and surrounding area I'm always happy to nerd out. 

House values in the area have increased about 5% the past year and the Greenville area and surrounding areas are rapidly growing.The monthly expenses (including utilities and 5% for repairs and 5% maintenance) come out to $2,291.