North Knox is a good area, I personally live in Fountain City.

I believe the fountain sq area goes to IPS.......which is probably why its 3 out of 10

Like every thread with wholesaling it becomes a fountain of poor information and off topic rants.

@Matthew Jenks I personally like the areas of Fountain Hills, Mid-Town Phoenix, and South Arcadia.  

If possible, I would add some type of water feature that would keep the water moving, fountain, etc.

I think you can mitigate that risk a bit if you buy as close as you can to downtown or the "hip" Indy areas- Bates/ Hendricks, Garfield Park, Fountain Square (you won't get in there but you can get south Fountain) for that price you'll be ok. 

., the park's water fountain fund) but he got arrested for corruption in relation to contract hiring.

You are a true fountain of RE knowledge and the BP community is lucky to have you here.

I'm a newbie investor when it comes to Indy and have only visited once since beginning to invest there....but I have been going full in on the Near Eastside (Emerson Heights and Fountain Square...very different by the way) It seems there are a lot of good areas to invest in, which is what I would expect in a market that is growing as fast as Indy's is.

Water is the byproduct.Have you ever gone up to a soda fountain machine and counted the choices?