If its the latter,   The building has great location and potential,  but they may be in trouble if things soften up.  

Greetings @Sean Patrum,  I am also located in Charleston, SC and own my own business in the food service industry.  

If you can locate a property, put it under contract, and show him a plan with numbers on why it makes sense then he might be more willing to consider rental properties.  

I did this because I have aspirations to invest internationally in several locations in central and south America and didn't want to just talk the talk or be a wantrepreneur, rather put myself in the field and put the building blocks together myself..I am currently waiting for the CA Bureau to approve my license application so I can take the test to receive my RE license (completed the course work in Spring of 2018 while going to school full time, working part time).

Hi Anna, I am a licensed contractor located in South Florida.

----------------------------------------------SO............ my personal experiences seems to be far different than those that are really stating that these higher priced MSAs are not good for investing.BUT, as you can see, I have been incredibly successful by investing in these higher MSAs, but in my specific locations in Brooklyn, looking for higher rental appreciation and value appreciation as well as a large supply of great tenants and low crime.When I now go back to the article, which really is a bit misleading from the Headlines, here is the remaining part of the New York area statistics that I left out above:10.

Where in Indy is the property located?

Located in Richmond, VA. class C neighborhood 2 bedroom, 1 bath, 784 SF. 

If you want more then you have to verify the zone it is located in.

Looking for an update - do you guys have a local meetup group that meets at a certain location/date/time?