The market in the area has been stagnant as far as for "sale prices", but it seems to be holding strong. 

If you want to land deals without looking at them, then I would come in strong with little to no contingencies.

Your properties aren’t going to appreciate a bunch, and I’d look to other markets if that’s your end goal, however there’s a steady rental market in the area that is strong. 

However I am not sure if that is a strong enough reason to invest there.

I think it may be a strong rental pool for the right property 

Selling a property in the first 7ish years with a mortgage is not great because the strong majority of your mortgage payments are interest and the principal balance doesn't go down much. 

Upon reevaluation, I figured why not invest in Indy - it has more of what I'm looking for, plus friendlier prices, friendlier taxes, and having been there many times, I believe it has strong long term upside as a city.

. , ROINote: The last numbers on year 5 is the cash flow+the return on the sale assuming I sell for 65k , but at this point I don't have strong comps.I plan to run my numbers like this on all my deals, except for the CapEx and holding period ( I may change those depending on the life expectancy of large items).

I have had too many strong recommendations, and he did great work on the floor.

I am a strong believer in diversification.