I bought from a primary homeowner in Indianapolis metro area who took really good care of this home (I did live in this house and rented it out when I moved back to California) and from a flipper in Indy more recently.As far as primary homeowners, they can range from taking really good care of the house to someone who has a lot of deferred maintenance - I renovated a local property that had a lot of issues.  

For this project, that would mean targeting land in the $1.5 million range.

wide open subject need to narrow it down a few miles

If you put the 300k down on say a $1m multifamily, it's only going to get you a 2-family if you are lucky and rents in the range of about $7,000, again, if you are lucky.

The portfolio consists of properties ranging in size from duplexes up to a 24 unit building.Financing: I received my initial capital through a HELOC on my primary residence.

The deals west of 315 and east of Glenwood Ave are B/B- range depending on the street they're on.

Beware that they advertise interest rates in the 2 - 4% range while the real rate is more in the 10 - 20% range.e.

Is there anything in that price range in those areas that would be cash flow positive or break even at that price range.

Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.

This is going to range wildly from market to market.