Happy to send over some resources regarding the Columbus Ohio market and why it's a great market to invest into!

Indianapolis is a great city and there is a ton of growth happening. 

If you were to buy direct from the owner you will get great deals!

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

Any advice or experiences you’re open to sharing would be greatly appreciated!

If the unit is empty and the potential tenant seems great, I would let them move in on the 29th or 30th of the previous month since most tenants will prefer to move on the weekend and I won't ask rent for those 1-2 days (of course utilities have to be in their name, etc).

Pensacola is a great market for investing and the number of properties available right now is up so there are actually some on market properties with potential. 

All this information is great Thanks for chiming in, Drew!

Get listed on all the OTA’s and a direct booking site, use good management software like HostAway, use dynamic pricing software like pricelabs, use WiFi enabled smart locks like Schlage encode, use an email capture system for guests to login to WiFi like stayfi, use those captured emails to do marketing for your direct booking site, and automate scheduling and payments for cleaners and maintenance.

Note I have no affiliation with them except I use them and they have provided me a great VA.