Disclaimer: I'm probably biased because I've lived in Indianapolis for the last 5 years :)If you're set on BRRRR, I'd recommend higher-quality neighborhoods in suburbs of Indy like Zionsville, Carmel, Fishers, Noblesville -- they tend to attract higher-quality residents have less crime, and have less surprises than some of the 60-100 yr old homes inside the I-465 loop. 

A couple of months ago we stayed at a cabin just outside of Hot Springs that was surprisingly nice and within driving distance of the town (we were only passing through).Personally of these three, Broken Bow would rank last but that's only based on a feeling.  

It feels like a desperate attempt to pressure someone into paying, but I've been surprised before. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

You will be surprised to find that sometimes the banks release their liens if they write off the mortgage.

I've run into my first issue, in that, the potential tenant has a mixed breed, no surprise there.

You will be surprised how fast a year can go by.

Your situation is surprisingly common.

It's no surprise that rental prices have gone up.

Listen to the Bigger Pockets Real Estate rookie podcast... you wont understand everything at first, but soon it becomes like your own language.Meet people in your area... network.. tell them what you are interested in, you will be so surprised that people will show up to help you.Avoid the gurus who ask for money, PRO membership here gives you access to the webinars and calculators you need to make it make sense for a newbie.