Lower appreciation, rent increases usually track wth inflation, so over time, your ROI doesn't increase and equity doesn't provide you with leverage. 

I went back to visit some boyhood places last year and was flabbergasted to hear someone tell me that they were outbid on a track of land for a mobile home in a place that is so much like the hood you would think you were in the Congo.

Nearby schools include St Matthew Catholic School, Rousseau MC Clellan 91 School and The Challenge Foundation Academy.I am trying to get comps from a couple local folks with MLS access, so hopefully they will be able to give me better ones than what I could research.Good point a about the rental area versus owner-occupied area, I hadn't looked at that and yes Indy is very difficult to track comps and the non-disclosure rules make it even more challenging.I was in Indy this past 4th of July weekend and was able to see the exterior and drove the area.  

I was on track to close on a home on this Thursday and I closed on a deal in December.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

There is a very visible distinction once you cross the tracks over city lines driving down Green Ave. 

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

However, as in Maura's case, once you have a track record, subsequent ones will most likely be doable.  

I have a fourplex on one of these fourplex/duplex streets, and I think you are on track in that they are products of the density zoning in some areas.

You're on the right track though with your question, in other words.... you're starting.