There is no secret formula but more of a healthy mix of things that makes a target area a great choice. 

The property just barely cash flows but the market is healthy and there's the drama of moving to states I don't know etc. 

@Chris Clothier  sounds like Morris invest model... cheapest property possible  prey on newbies and give glowing account of how these homes perform when nothing could be farther from the truth..this person if interested should check in with JWB in Jacksonville and see what they have to compare.In Indy if you stick to that 80 to 125k range 900 to 1200 rent you will have a pretty solid investment over time , at least that has been our experience.. the hood is the hood is the hood .. no matter what city you invest in..

My name is Daryl Arias, Live in Miami Florida, and a couple of months ago i helped a friend, buy a Foreclosed Condo around the Hammocks Area, we fixed it and now its rented and giving him a healthy 15 percent per year plus the value of the home is now around 25% more than what we paid.

Depends.I see Real Estate Investment like losing weight: you have to find what works for you and stick to it, in a healthy way.Some people are marathon runners, others are power-lifters.

Indy has great value and is a healthy rental market.

My health is back and I can start a new career or do what I love!

The increasing population, 5 military bases, over 16 colleges & universities, 2 major medical centers, proximity to Eagle Ford, and the fact that it's first major city north of the Mexican border all help make this a healthy market for investors

So, in a few months’ time I managed to flip his house for a healthy profit.

I ended up doing the remodel for around $7k and it's currently netting me a healthy profit.