Hi Jalen,If you're considering expanding your rental property portfolio in the Indianapolis area while steering clear of rough neighborhoods, here are a few options you might want to explore:Carmel: Just north of Indianapolis, Carmel is known for its affluent community and excellent schools.

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

I’m ok with not cared for yards and bad school districts.

If they do, they go to a higher level of care such as a nursing home (higher level of assistance with ADLs) or a Skilled Nursing Facility (called a SNIFF, where medical care is provided).The ALFs I'm working with are all running at 100% capacity and have waiting lists, because there are simply not enough beds.A sharp operator will find an unused municipal building - especially a school - and work with the town building department, code enforcement and fire inspector to get it up to code. 

My daughter is starting vet school there in August and thought it might be a good place to invest.

Unfortunately the public schools in St.

Thanks Bill for you invaluable insight.Are there any exception to 12 months residency for primary home loan ie change in school, job. 

You'll want to look in areas that have better regarded schools than others parts of town.  

- Are the markets likely to experience the most rent and price growth going forward likely to be:     - Markets with the lowest supply coming online    - Markets with the best schools    - Markets with the lowest crimeAnyways - food for thought!

Also look for non-rental neighborhoods with good schools and low crime rates.