Minimize recurring expenses as much as possible3.

Does anyone know what's typical or know where I can find what % I should put in the calculator for the following in Indianapolis :Vacancy Repairs and Maintenance Cap ExAnnual GrowthAnnual PV Growth Annual Expenses GrowthSales Expenses Thanks!

This condo is one of the least expensive in the building.

I have really been considering buying rentals in Midwest since I have family out there and Denver is pretty expensive at the moment.

Just waiting 3 years for that depreciated market will cost you more than your total profit when you factor taxes, closing costs, depreciation recapture, loss of further depreciation and expense write off, and lost rent (8K a year is nothing to sneeze at)If you really want to sell now then @Ralph R. has the right idea - do a 1031 exchange and shelter the tax.  

I'm sure there are expenses they've been shouldering that you're getting a benefit from. 

Property APurchase Price - $340,000Total Rental income - $4100 (1200,1200,1700)Rental income less expenses - $3567Tax - $5495P&I - $1777Ins - $2000Mortgage (including costs) - $2401Cash Flow - $1166Property BPurchase Price - $439,000Total Rental Income - $4600 (1700,1700,1200)Rental income less expenses - $4002Tax - $5672P+I - $2294Ins -$2000Mortgage (including costs) - $2933Cash Flow - $1069Is there anything I am missing?

Then when I found something, I could run the numbers myself, but my contractor would weigh in on rehab expenses.

In addition to what Bill E. said, I try to get a good idea of what expenses could come up soon.  

With expenses of around $740 a month and renting at $1k, I would be bringing in $260 a month or $3120 a year.