As a technician I am familiar with the "feast or famine" mindset, self managing & organization, and how my personal effort impacts my income.

This low supply has led to quick sales and rising prices in key neighborhoods, which is ideal for flippers looking to move properties quickly.Affordable Entry Points: Despite rising values, Indianapolis still offers lower price points than many other markets, providing a great opportunity for investors to enter the market with less capital and still see substantial returns.

I’ve seen landlords who handle this by requiring tenants to show commitment through actions like attending financial literacy programs before lease renewal, which could help mitigate some of the risks.PS: If you haven’t already, consider working with local organizations that offer financial literacy workshops for tenants as part of lease conditions.

When it comes to areas, think about what surrounds the area in addition to the class of neighborhood.

I own a property , in a not so great neighborhood, which is paid off & is worth maybe $75-$80 k.

What is the AVERAGE C class rental like in this neighborhood?

I did get one and it has properly organized my books and it sped up the tax preparation process.

What thoughts does everyone have regarding buying a long term rental in a new build neighborhood?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I’ve seen investors spread too thin by picking up multiple inexpensive properties in less desirable neighborhoods, only to be hit with constant maintenance issues and tenant turnover.That said, there are still opportunities in the Midwest where you can find properties in stable, growing areas.