@Michele Fischer  We have nine rooms and mostly rent to mine workers or casino workers.

Finding the rehabber sounds like the tough part.

Tough crowd tonight @Matt Cramer I'll give you a bump as I'm curious to hear some responses.

What if he hires bad workers?

we found some great multi family props to buy in '07 & '08 because the previous owners paid too much and were over levered, so when times got tough they had no where to go.  

Most of the casino workers are service workers (waters/maids/dealers).

There are several full-time "workers" and real estate investors on here in Oakland, including myself, @Sam McClellan (both of us closed deals last week!)

This theory sounds good on paper but I know very few people to actually do this with success [except @Brandon Turner ].To complicate matters further, you are looking at an attached double, which are rare here in Indianapolis, that is zoned as two separate properties.As mentioned earlier, this defeats the "benefits" of having two doors under one roof/deed.In addition, this type of property is tough to resell in the future as well.I'd suggest passing on this one and whole concept - IMHO.  

However, the tech workers are making a lot of money here though so I don't feel bad charging them. 

I agree with Minh we should look hard around in the Bay Area before going OOS.Like you, I am also a worker bee at a tech companies, so flipping houses is a fun side business for me, it is not for everyone, you just have to find what you like & what fits your life style & bottom line.Good luck!