Phil F.to answer your question the areas I am accustomed to purchasing in are either working class or urban neighborhoods such as Fountain Square, Bates Hendricks, Drexel Garden, Emerson Heights, Little Flower, Old Southside, Irvington.

Hi All,New investor here, looking to do a number of BRRRRs on SFHs and duplexes in Indianapolis (looking in the fountain square area).  

Never ending fountain of information.

I stopped in on Open Houses, called on For Sale by Owners to get a sense of their values, I spoke to renters in various areas, many of which work in the hospitality area in Downtown and rent in a popular area called Fountain Square.

I am planning on making a table top out of it.  

I have $50k in cash as well as access to a home equity line for starting off so I would start with two properties anywhere up to $80k or so to be conservative.There are properties that already have tenants in the neighborhoods of Englewood, Fountain Square and Grace Tuxedo Park that seem like good deals. 

It looks like the Fountain Square neighborhood of Indianapolis is about to get national attention via Two Chicks and a Hammer and HGTV. 

I never gave Fountain Square the time of day until about a year or so ago (sorry Ryan).

There are a few neighborhoods such as, Fountain Square that's in the gentrification process but it's surrounded by neighborhoods that are still on the lower end. 

I was seriously considering Fountain due to the prices, but now I am going to take a harder look at the powers corridor and consider the fact that the those areas service more possibility versus Fountain having a heavy Ft.