I've been looking in Indianapolis mainly, got a team there, been hunting aggressively for almost 2 months.

---So, get a GREAT property inspector NOT recommended by the turnkey company to avoid bias.2) Misrepresenting Property Class - have seen many turnkey providers in Metro Detroit area sell OOS investors Class C properties as Class B.

I invest in the Bay Area (pre-2013) and Indianapolis metro area.

The best thing to do is to build up a strong team with an investment specialist realtor / broker, property manager, contractors, inspectors, lenders, title companies, ect. 

Hi Thomas, the Indianapolis market is a great place to invest! 

You need a team of:General contractor, property inspector, trustworthy lender (they will have appraisers, and title company), property manager (make sure is large enough that if the person that manages it gets sick someone else will cover), insurance agent, and a real estate attorney in case you need a consultation, and most importantly an accountant with a lot of real estate  experience (this will be a major ally as you grow your business)Line up your team even before you look for the property.Go to networking events.

I invest in the Bay Area and the Indianapolis metro area (lived there for a while then moved back to CA).

PHYSICAL CHECK = If you have permission you should physically check the property prior to the sale or have a professional inspector.

As soon as anything is done in the house that involves electrical,  it all becomes no bueno, and any good inspector will force the owner/contractor to upgrade completely.

You’ll have to get the building inspector to agree either way.