Maybe it is safer than it looks, but there are streets with people standing around on corners and they are not waiting for the bus.

But that's your call.With smart phones pictures are free and easy, ask them to take a shot standing on the front door looking across  the street, then on the curb looking right and looking left down the "street scene" as appraisers call it.Ask them in include "what drew their attention to the property". 

I am also using these experiences to bolster my REI street cred.I have secured a tenant for unit#1 after having to evict the prior tenant I have just evicted (received judgement yesterday) problem tenant #2 and should have it rented rather quickly based on the interest gained on unit #1, they're right next door.  

Lots of younger people are drawn to the Main Street bar scene, shops, and restaurants.

The investment into education and knowledge in general is priceless and generally less expensive then your first potential mistake without having it to begin with.Second step in the knowledge process is, after the foundation knowledge is set and you understand the acronyms in the industry, street talk, construction lingo, valuations, exit strategies...then you can add to your tool-belt some items that may facilitate a further analysis like spreadsheets, apps, etc.Real Estate Investing is a TEAM Sport, and to try to understand everything on your own to the point that you feel comfortable to then act is an unreasonable expectation.Surround yourself with a strong Team, an experienced Mentor local to you, have that foundation education completed, put that tool-belt together and then act on a sound opportunity.NOTE: Wholesaling gives you an opportunity to practice what you learn, gives you an opportunity to vet your Team and affords you the opportunity to valuate the property without risk to start with.

@Steve Perkins all good points above.As mentioned, Indianapolis can vary greatly street by street.I buy/sell several homes in this area and own several myself.The condo's south of 42nd St are very rough and there are pockets of rough/very rough areas.Overall, if the rent is over $700 and the home is in good shape you should be fine.Please let me know if you need anymore properties in this or any other area of the Indy Metro area.  

Rental income is $3,700, has off-street parking.

Rental income is $3,700, has off-street parking.

Jk but ive heard something about if your house has drugs or maybe its just if there was a drugdealer in it, there are severe consequences to the landlord.  

It's not like there was a gang or drug dealers in a run down house shooting out the windows at everyone, it's just one crazy guy who ended up shooting himself in the end so I don't think it's a neighborhood issue.