After I understood the relationship between positive monthly cashflow and short term appreciation I was able to take my portfolio to a new level. I

I think that income level is definitely possible in your first year.

Id say this depends on your experience level. I

Not good for the blood pressure or stress level. I

To rule out a city - much less a whole metro area or even an entire state - based on some cliche like "there's high crime there" or "the state is not friendly to landlords" (when evictions virtually everywhere are handled at the county and not state level) is asking for a beating. 

Of course there is a lot of nuance, and  behind the scenes action I didn't describe, however at a fundamental level this is how the company I worked for did it, at a very high level. I

I also understand that there is more to this process on the city level. I

I used to live in the Indy area so I knew the area but not to a granular level. I

Deal-funder: What it really comes down to is what could that person be getting elsewhere with a similar risk level?  I

They lake level is down about 7 feet right now for the winter.