Indy has always been one of the most affordable markets in the nation and has a strong, diverse economy.

You may even get some economy of scale with a duplex or triplex (one roof, one yard, one mortgage, one trip to check on the place) if you'd like multiple units but not multiple mortgages or transactions.

@Sean Walton, while yes there are lower barriers, the popularity of sites like Airbnb and HomeAway are also changing people's preferences completely and growing the pie: In 2013, traditional rental sectors and the sharing economy combined were worth $225 billion.

On larger projects for commercial some developers will bring in workers from other states where there is not much business in that economy and they can start work right away.

The fear of the unknown by the "guest" is what prevents 100% occupancy.My feeling about Portland, and other communities having difficulty embracing the sharing economy, like my HOA, has to do with the horror stories that @ Marcia Maynard mentions.

I like to try new things and don't let recessionary economies stand in my way. :-)

I have made some poor real estate ventures in the past that I lost when the economy went bad. 

So, you're on the hook.You can't change the economy but you can have a plan in place. 

I'm very passionate about the sharing economy, so I always love hearing of people hosting on Airbnb. 

That increase in housing prices has not been due to new homebuyer demand - first time homebuyers - where the upward progression starts in an organic market increase.Because I believe we are running into this bubble market, especially at the higher price points in their area of Arizona, and because there is strong investor demand for such houses, I advised John to consider looking at wholesaling more of their leads and really cherry-picking what they keep to rehab.Our whole economy is full of air - money injected into the markets by the Fed.