Depends on markets of course, so if you are a HCOL area with high list prices, this may be out of reach even with 100k+ to put down (while you can get away with less, this may create a problem with too high of a PMI and overall mortgage payment). 

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?

BRRRR strategy is still a great strategy in many markets.

Your $1,200 ask may be fair for your market and property, especially if supported by comps, but they might not approve it if the tenant cannot afford it.

Wow Saber rattling letters to their LP's that will quiet some but other I bet it will have the opposite effect on .The internet/SM cuts both ways great tool for expanding ones business or it can tear it down.

It's always better to stick with markets you know!

I am familiar with the market.

You can analyze it all you want, but until you get it on the market, you don't know what the market will dictate.

Study the market.

Your goal should be to have performance cap rates at 7-8% on something with a market cap of 5-6%, which gives you a healthy 200 basis point spread from the going market rate.