I agree that the other units probably aren't updated, it seemed like the range of rents was pretty wide too.Those are basically my first impressions about FHA vs conventional loans as well.

Hard money can help you diverse your portfolio in order to optimize your door to door cash flow.

Quotes for this property should range between $2500 & $5,000 based on the age of the electrical system and roof.  

I started looking OOS to other recommended markets but realized prices in my market are still relatively low when compared to other areas, meaning in the $225,000-$325,000 range for 3-4 units but there’s not much inventory.

This is the awesome thing about so much diversity, no two minds will think alike.

Would it be wise to buy one in a range of 200k-300k?

Read up on the TCPA (Telephone Consumer Protection Act), which imposes fines ranging from $500 to $1,500 PER TEXT MESSAGE. 

Your market may be different but locally if you are just looking around it is between 80-200 give or take, wide range. 

@Lance StokesI do primarily creative financing on the buying and selling,So I don't have yet much of the contacts you are looking for.And again Indianapolis is a big city with diverse 'hiring powers'But I feel it's ain't competitive and crazy as Cincinnati.

GA & VA are both large states with a range of market conditions.