I'm sure you explained it thoroughly I am just having trouble understanding or visualizing it.

I suggest you consult with a real estate attorney and come up with a lease that is very thorough.  

Thank you for taking the time to provide such a thorough response!  

You ask very good questions & it is clear that you are trying to do your due diligence thoroughly, and I commend you for that.The term "Fountain Square", the neighborhood & its boundaries, are often used quite loosely, sometimes because of lack of knowledge (and with no bad intent), and sometimes, for other reasons (enhanced marketing of properties).Below is a link to Downtown Indy, a very good resource & professional website.  

I thoroughly read the thread about lifestyles unlimited.

Do a thorough background and eviction check on this new person @Dan Vleck!

@Jerryll Noorden As always, thank you for the thorough explanation and advice!  

You have clearly though this out thoroughly, which is great! 

That will at least narrow down some markets that you can then dig into more thoroughly.

@Justin Kurpius - I believe you are not conducting a thorough enough analysis of a possible way to lose badly on this investment approach, and are not giving enough weight to perhaps the most probable outcome of this bet:How to lose badly:What happens if the price of gold falls substantially?