@William WalshInvesting IRA funds in real estate is a good option for those that want to grow their next egg in investments outside wall street.

IE we / developer put in the streets sewer water etc.. and we create a Bond act that is passed by the county.. the bonds are sold to investors.. once the utls are accepted by the county or city they are used to buy the utls our bank loans or cash that has been used to put those in are then repaid or retired..

Feel free to get as detailed as you want, I think this is where the real gems sometimes come out ('Don't even consider looking south of Stassney street','UCFU always gets the best rates', 'Check out that little pocket in South Lamar on the east side', 'Go to the tax auction early and chat people up a bit').

It is a solid neighborhood depending on what street you are on.

Word on the street is to pickup units 20%+ below market with private money/hard money; make repairs or increase the value of the property to 100% market value and then refinance into long term financing; this way you hurdle over the lender's threshold for a down payment.  

Parts of Peach Street is in Overbrook other parts of Peach Street is not, it depends on the actual block.

Don't just make it a one way street where you call them and ask them for comps or about the area and you never give them business.  

Is it the drug trade.

@Cheryl PepperBased on the very limited data you provided, I think you need to do a lot more due diligence.N Tuxedo Street is not anywhere close to Broad Ripple Park.The 46205 area code is pretty central Indianapolis, but you have a septic system - why are you even considering this?

the tenant with the complaint also suggests it may be drug use. we have recently did a walk through on all the units and did not notice any strange smells.