Hello BP,I do not have a student rental in my B&H portfolio and have located a gem property near a campus (walking distance).

It's great to have you aboard.You're making a savvy move diving into the Indianapolis market - it's a hidden gem in the real estate world.

In my opinion, off market deals are better, but you can find hidden gems on the mls. 

Of course, at that price you’re less likely to have a gem in an historical district, but many opportunities are here.

My current approach is a quick review of the area to ensure we'd want to invest there (1, 3, and 5-mile demographics), and then using general expense ratio as a placeholder (between 45-55% depending on the vintage of the asset).

(my general contractor is a real gem). 

But I accept that and sift through the messages to find my gem tenants. 

Investment Info:

Single-family residence other investment.

Purchase price: $315,000

Cash invested: $315,000

Top-floor NYC Apt Southern exposure in the Primary Bedroom with treetop views for maximum l...

You gave me some gems to run with so thanks so much for your input.

Join me in celebrating Rockwall's rich heritage at this remarkable historical gem.