The problem is that most of the multi family in Indy are old turn of the century SFR's that have been converted and in rough parts of the city.

Historically, there were 7 financial panics in the U.S. in the late 18th/19th centuries, 2 in the 20th century (1907 and 1929) and thus far 1 in the 21st century (2006/7). 

Be careful to not get priced out, San Diego is a hidden gem with a massive surplus of mid-century modern bungalows that are dying to be flipped.

If Ford was still only producing the Model T, it would have been left behind nearly a century ago. 

But with the Asian markets, ETFs are an effective way to regularly jump on the out-of-fashion country and ride it until it is back to normal, and then jump on the next out of fashion country, etc.It is important for all of us to realize that this century looks like it might be the greatest period of economic growth in the history of the world.

However, There are many ways to modernize the mid century ranch.

For further reading on the subject I suggest you read about "Tulipmania", the "dot-com boom" of the late '90s and the "real estate boom" of the early 21st century, whoooops!

This crisis is different - a once or twice a century event deeply rooted in fears of insolvency of major financial institutions," Greenspan wrote, adding, "Regulation, the alleged effective solution to today's crisis, has never been able to eliminate history's crises."

If you purchased in any of the Bay Area core markets in 2006 and sold in 2011, you'd be a sad panda.If you purchased in any of the Bay Area core markets in 2006 and sold in 2016, you'd be a happy camper (to say the least).If another once-a-century event hits us, do you have the wherewithal to sit tight for 10 years? 

I would definitely reach out to Century 21 Beggins Enterprises.