My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

I strongly, strongly recommend not doing this.

I called back again and asked for the Supervisor and 2 weeks later still no call.Based upon my experience, I would strongly urge anyone to be very careful doing business with Ron LeGrand or Financial Freedom.

You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

If you’re open to exploring outside the Bay Area, markets like Milwaukee, Chicago, and parts of Indiana offer strong potential for flips and rentals.

These markets offer a great mix of affordability, strong rental demand, and steady appreciation.

Not a strong argument ;-) I still had to pay off the loan to cure the DOS. 

The big pros are the strong job market (lots of major employers), good population growth, and still-reasonable entry prices.

Detroit has a mix of affordability and strong rental demand, with properties under $200k that can cash flow if approached correctly.