Chad, it definitely is not an area I would choose to live in, but that block actually has 6 new constructions built in on the vacant lots which were there and is undergoing some community uplifting.

And Vernon park at about Germantown Ave and Chelton Ave is also being targeted by the city to under go some additional sprucing up.

I got my money back with pluses, rehab is undergoing and if plans pull through, will got $1200 / month cashflow.

Keep in mind that insurance on a vacant home undergoing major renovation is going to cost more than what you would be paying for a typical homeowners policy (which our flip wouldn't qualify for).

The last two years are an exception, they sent shock waves into the market and many new investors over bought.  

We use a shockwave treatment to penetrate the surface and kill itball.

The ones I talked to you have to manage hundreds of units and undergo heavy scrutiny by the real estate commission with record keeping to eek out a decent profit.Many of these agencies do it because THEY HAVE TO and not because they want to do it.

However, the area in undergoing radical changes.

Such reaction was imminent anyway, given the shock waves it sent through the media and world when Trump won. 

Is currently undergoing renovations, I wanted to jump into the Indy market and purchased this property without much knowledge of multi family rental in Indy.