My son will be helping us with marketing, advertising (if needed), press coverage (if needed) and finding investors / lenders (if needed).

My partner and I just started, created the LLC, got all the documents, and have begun introductions with lenders across the market. 

You'll also need to learn about marketing, property values, repair costs, property management, etc. 

Wow Saber rattling letters to their LP's that will quiet some but other I bet it will have the opposite effect on .The internet/SM cuts both ways great tool for expanding ones business or it can tear it down.

Depends on markets of course, so if you are a HCOL area with high list prices, this may be out of reach even with 100k+ to put down (while you can get away with less, this may create a problem with too high of a PMI and overall mortgage payment). 

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?

Your $1,200 ask may be fair for your market and property, especially if supported by comps, but they might not approve it if the tenant cannot afford it.

The "word on the street" is that the owner may be looking to sell off market to an investor, and it is currently not listed on the MLS. 

BRRRR strategy is still a great strategy in many markets.

It's always better to stick with markets you know!