I created a few resources that out of state buyers might find useful in gaining insight into the Indianapolis market1) Neighborhoods and their classification on a map ( A, B, C, D = using input from the forums)zip code boundariesstarbucks, whole foods, hospitals, etchttps://goo.gl/cvDi8T2) Virtual driving from Fountain Square to Lucas oil stadiumhttp://youtu.be/8AU6iCamTwc?

Many of these neighborhoods are undergoing gentrification, which means the housing market is going go up. 

Hello All, I am just finishing up my renovations to my first Duplex in the Mt Washington neighborhood.

I'm in a neighborhood where some folks don't have the greatest credit.

I would love to own in a nice neighborhood (middle-class).

I understand in a flip 25% to 30% in needed.Recap: Duplex in quiet neighborhood.

But, if you put little down and have unrealistic expectation about rent price and unable to receive rental income in a C or D neighborhood, expect trouble ahead. 

This would be an added bonus as I am more interested in the cash flow from rent.The current deal I am looking atBuilding type: 2-flat with finished basement and 2 car garage (garage is 6 years old).Neighborhood: North LawndaleListing Price: $150K with 2 car garage.Taxes: $3600 per year est.Building condition: turn key.

Are you at all willing to look into other neighborhoods? 

If that’s the case, though, the agent ought to have given you a disclosure with the paperwork when you first made your offer— the agent I work with does that, and it’s also in the neighborhood of $300 rather than what you’re talking about.