You could always offer to buy a realtor lunch- I am sure you can find an investor friendly one here on BP, tell them you are just beginning your journey and they can probably give you a solid overview of your market. 

I'm looking at an REO in Indianapolis, in a solid C-area, that would likely rent quickly for $800 (potentially more with section 8).I was originally planning to restrict myself to homes that would rent above $1000 at a minimum, to try to minimize turnover costs.

Several of the wood windows are rotted.  

It is great to see someone in my neck of the woods on here.Also thank you for the explanation of the vote function for this community.Great to meet you Jim!

It looks solid.

Pick a solid B-Class suburban area.

There’s a huge difference between running a real estate syndication business, or a real estate fix and flip business, and investing in real estate for ‘mailbox money’Sounds like you’ve built a solid foundation.

Finally deciding (after like the fifth webinar) to get off my butt and get my first property.Hoping to add to my team and build a solid network of realtors, contractors, future partners and like-minded individuals here. 

I think the key (in both cases) is to be REALLY solid with your numbers. 

Last I heard they were very strictly banned.You've already gotten solid advice here - list on VRBO, check your competition and see if you're falling short somewhere, and consider dropping your prices for the next couple of months.