I'm still fairly new to the game but let me know if you have any questions as I have bought a couple of properties out of state. 

I would have bought it from him, but he said have it for free.

Ya know I was raised there In Cupertino and Palo Alto.. the land of 50 to 60 years ranch houses on little 5 to 7k sq ft lots selling for 2 to 4 million in todays. market.but back in 1979 is when homes got to 100k in Cupertino we all thought ( I was a 23 YO broker at that time) there is NO way they could go higher.. and when I bought my second home in my life in Palo Alto for 185k in 1984  a 3 and 1 900 sq ft home.. but nice landscaping lot was 50X 100  and then sold It in 91 for just under 500k..

Its really a matter of choice and if you have the time to do it or not....David Green have a great book about long distance investing. https://www.biggerpockets.com/store/long-distance-...

They bought under their own names together. 

They are allowing the contractors in to make quotes so at least they are cooperating in that regard.Thanks for the adviceRoy It sounds like you bought the property in this condition, in which case it should have been priced accordingly.

Yes, although there seemed to be increased competition the last time we were looking to purchase in Indy from the year prior when we bought our first rental there.

Also make sure they don't store anything to close to the furnace or water heater and for sure nothing flammable nearby.

BUT everything went really well, noone sustained injury, and after 2 years of BP and learning why I bought the wrong house fortune smiled on me.

I moved here from Switzerland 2.5 years ago as well and bought my first apartment (primary residence) last year.