There are good and bad but you'll mostly hear about the bad.The truth is, if you want good tenants you need to educate yourself on what makes a good tenant and then screen applications until you find one.If you want a good property manager, you need to educate yourself on what makes a good one and then screen them until you find one.Far too many Landlords hire the manager with the lowest fees or the nice office or the pretty face or the fancy car or the...you get the point.

It's nice that you can door knock but that strategy might not be the best use of your time. 

And of course properties can still cash flow nicely if you can find good deals.I am looking to partner with someone local to the Indianapolis area with serious ambitions to build a Multifamily RE portfolio. 

Good investments if it’s in a nice part of town.

My mom lives in a nice one but you will never see one on the market as a whole because they are built more like townhomes that share a wall or two (think a square divided into quarters that remain square) and are usually sold as individual townhomes.

Yes, an exhaustive knowledge would be nice, but I was hoping that's what a professional forum like this could help me with.I don't feel it's fair to tell a person to exit the stage just because they're not 100% educated. 

In couple of two weeks visits, I rehabbed it with the craigslist “proffies” for like 15K, which was not bad at the time.In retrospective, there were two things, which significantly reduced cash flow:the location- as excited first time “investor” I did not pay attention to numerous sump pumps (the house actually sinks in the swamp- not unusual in New England)the property manager- I had one great guy for the first four years (also found in craig).

That observation 'might' prompt them to come take a look, doubtful, but they might visit the property, especially if they know no one has been using water/sewer at the property (they don't know, they just see usage).

Nice 4 bedroom 2.5 bath with a full basement, attached 2 car garage. 

Property could rent easily for $1100 to $1200, or maybe a little more, so there is a nice spread.