This is not Manhattan to expect >/=5% cap rates, and I'm honestly not that greedy. 

With 20% being the common minimum expected if it's purchased for an investment?

Then, if you want to get into flips in the future, you'll be locked and loaded.I find wholesaling a rather dark practice and of questionable ethics, mainly because most wholesalers don't properly disclose what they are in fact, doing. 

I'm new to real estate investing and have gotten serious about getting my first property in the near future.

I do not plan to buy anymore properties in Indiana, and plan to do all my future investing locally.

Best of luck on all your future endeavors. 

You need to look at your risk tolerance and what your numbers would look like if you got stuck with the credit card payments for an extended period of time beyond what you expect.

Buyers should expect more competition in the spring, but conditions overall should remain favorable compared to recent years.What if I’m a seller?

You'll end up with pissed off tenants and future expenses. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.