With that said, I'm prepared to run my business like a business and not with a emotion. 

It is higher risk with the potential of greater rewards but does require much deeper pockets to succeed.

I may change my mind as I start digging deeper. 

Give me a call if you want to get deeper into it, our team really feels like we got the details nailed down. 

After all the comments here and a bit of deeper digging I'm starting to realize that after we fine a place to live, investing in a different market really is not all that out of reach.  

If you paid $10k for the down payment and closing costs of the investment, then your very first cash flow is NEGATIVE $10k.I think because there are so many investors that have not learned the sophistication of the calculations, they become emotionally against a NEGATIVE cash flow even though the very FIRST cash flow is NEGATIVE.That's because they really only understand a definition of Cash Flow which does not actually involve the flow of cash!

This is where sometimes emotions gets the best of people when it should be remembered that this is a business and requires business decisions not emotions.

Proximity and identification of higher worth asset pockets becomes difficult/volatile to predict.Political environment and societal expectations that can be borderline ideological with regards to the aboveIf the crime does not get under control (see the above thoughts on education, gini, poverty, etc) this will weigh on perceptions and asset values for years to comeOn the upside:Indy is positioned well as a logistics hub which fueled growth, and it has a reasonably diversified economy.There is access to high quality higher education in the area.I will not invest in Indy although I did look at it awhile bJim, It looks like you're letting emotions and ideologies mixed in with some anecdotal experience influence your perception of the market.

Biggerpockets has some amazing calculators and useful information on determining the worthiness of property and I highly suggest digging deeper into that. 

This is strictly an emotional argument.