Indianapolis, though, is showing 40% better GDP over the last decade; remarkably low unemployment; surge in tech; and our median household income (+21%) is improving at nearly double national average rate (+12%).

I'm in a bit of a tricky situation, my household annual combined joint income between my wife and I is $250k and ~$40k in STR between two properties.

You can't garnish wages if they are head of household and it would cost more to go after them than it's worth. 

If the use is for a personal, household, or family use then this would be a consumer purpose loan and it's unlikely you'll find a hard money lender able to loan on the property.

CRIME-FREE/DRUG-FREEADDENDUM HOUSING AGREEMENT In consideration of the agreement for housing the Owner and Agent and Resident agree as follows;1.Resident, any members of the resident’s household or a guest or other person under the resident’s control shall not engage in illegal activity, including drug-related illegal activity, on or near the said premises.

The spreadsheet would ask for:Population: 63,011Median household income: $28,164# of households: 24,858Owner-occupied: 14,123Owner occupancy rate: 57%# of people per home: 2.53This is what I've just done to try to analyze this city to see if it's a good idea to jump on some rentals out here through creative real estate means.

Hi Omid,  The CT real estate market compared to FL is less overinflated according to most, based on household income vs price. 

The market displayed every classic symptom of a mania; the progressive narrowing in the number of stocks going up, the nationwide fascination with the activities of Wall Street, the faddish implications of a new era, the suspension of every conventional standard of financial rationality. and the rabble enlistment of an army of amateur and ill-informed speculators betting on the basis of rumors and tip sheets.By 1929, anywhere from two to three million households, one out of every ten in the country, had money invested in and were engaged in the market.

Median Household Income Growth - www.City-Data.com4.

From my experience the median household incomes really determines  the neighborhood class but I also look at all the VestMap.com DISCERN factors.