. $32,800/ea.1900 E 19th Ave - 4 BR, recently renovated (needs stove and fridge), ready for new tenants $50K - MLS-2180280372122 Myrtle -  2 BR Flat -  Rented $540/month (rents are a little low for the area, 2 BR are around $600-$625 Range on average.

Most attorneys will do them in the $500-$750 range, and it can save you a lot of headache. 

We have been less then impressed with the service thus far.The property is realativly unique in the fact that it sits 1/4 of a mile of of a paved road and down a less then desirable paved road.

The 1 story house I would imagine being in the $8500-9000 range...

You have e some unique real estate specific qualities.

The house was a little out of the price range i was looking to spend in anyway so i didn't plan to put an offer in (asking price $189,900).

Hello BPwe have a unique situation. 

I'd be conservative and give yourself a range...Ideally you'd hit 2% of your cost in rents, realistically that probably won't happen for new build maybe you'll hit 1%.So it cost say 400k for land and build you're looking at wanting 4-8k per month in rent.In all honesty you're probably better off doing a rehab vs new ...

If you are an out of state investor, buying in this class and rent range in Indy is likely to lead you to a world of hurt. 

You can pick up some decent 4-6 family properties in C-Class+ neighborhoods in the $180k-$240k range.