It's great if you're sleepy, but veeeeery necessary.

Then again, I'm from a sleepy town of 100k people so lots of places look vibrant and alive to me

Peter Lynch once said that if his ultimate stock investment would be sleepy back-woods bank in Louisiana that no one had ever heard of-- I've found the same to be true when looking for funding.Once you have a relationship established, then you're ready to look for a deal.  

I am literally shaking and I can't sleep. I

As @Louise Alexander, unfortunately from an investment perspective, this neighborhood would no longer be considered "sleepy".Fortunately, there are other "sleepier", equally close neighborhoods with similar distance/proximity to downtown Indianapolis in other directions (east & south, primarily) including Holy Cross, Fountain Square and the much talked about Bates-Hendricks neighborhood.  

richmond is definitely not sleepy in the summer.

You could manage 1-4 properties in your sleep.  I

Cape Coral is a sleepy bedroom community with good value and a lot of new SF homes under construction.

Tenant Happy.Landlord sleepy.2 am Fire Dept. calls.Fire at such and such a place.We get dress.

I had more Athens with University of Georgia in mind but when we got here we really liked it.It's a sleepy small town but close enough to Atlanta and also Chattanooga and Birmingham.