While monitoring foreclosures in my area here in Pennsylvania, there was one property I kept an eye on.  

We plan on keeping our regular DM campaign in place to frequently hit that list.  

In my example above we have historical data that Indianapolis appreciation may not be significant and we also know that it has been a historically high renter market, so I will not factor appreciation into my numbers, my numbers need to make me a profit by producing solid cash flow over my projected holding period whether that is 3, 5 or 30 years and if I am monitoring my market over time as I should be, I'll know when I should implement my exit of selling at or above the current market value.   

We're closely monitoring the impact of all of this on property taxes.  

You want to add to your regular inspections some attention to looking at the walls to mention that they are not for writing or painting on (obviously if you see this happening).  

My regular personal biz is a little slow, and my monthly nut is very high, I'm finding myself too close for comfort as far as the amount left in my bank each month, especially after April, with both property tax and my personal that was due!

It gets tight when my regular biz slows down.Bob BVenice CA

I want to invest in out-of-state rentals, but because I have a full-time job already, I wouldn't be able to monitor the rentals.  

To regular residential agents your deal looks like a whopper to them.

You need a place to live so there is a certain amount of rent that you must be able to handle as your rent so figure that into the mix and  treat your self like a regular tenant to figure the deal.