Not saying there aren't great deals and great opportunities, but they'd probably be a bit harder to find.If you're looking at Indy, I'd recommend checking out the north/northeast side, around Carmel, Fishers, or Castleton, that whole (pretty wide) area.

Your question makes me want to check my state rules (Illinois), because I've thought many times that I might as well manage other people's STRs if I have all the processes set up to manage mine anyway.Finding a cleaning crew for 1 STR is difficult, but 5 is easy. 

@Mike Dolan please check your inbox.

But you do travel out to the park every month or so and check on things. 

When banks check your refi eligibility, they eyeball your credit score, income, and the property's value.

Check him out. 

I'd recommend you check all of the above to get a feel for how similar units in your area are priced.Good luck!

Check out the Find-A-Lender Tool on BPhttps://www.biggerpockets.com/business/finder/lenders

Seems like the houses I checked lost in value the last couple of years.. thanks for adding the conversation! 

Check out local investor groups: REIA of Oakland, MREI and Renegade Detroit Investors.You may also want to follow @DrewSygit for his blog here on BP as the topics are about Metro Detroit market.