I could get you a revenue projection.

I am looking for my first rental property with a goal of Cashflow! 

Ultimately, the best option for you depends on your financial goals, risk tolerance, and long-term plans.

It will be beneficial to achieving your goals.

Sounds like a heavy rehab project.

Oftentimes, when one half of a couple is opposed to real estate investing, it really comes down to them viewing it as a cumbersome, risky distraction, rather than as a relatively stable, valuable tool to help reach your shared goals.

Hello Sabrina, With the things like this there are two things that should drive your decision: your goals, and the numbers. 

Rental market there for LTRs is not robust however, so make sure you have vacancy money built in to your projections. 

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

Even at 2%, Indianapolis is still one of the best cash flow markets in the country so rather than focusing on what the taxes are there, look at what your total projected ROI is.