This has now driven a need for an approval and variance from the county to subdivide like we wanted.

The feedback we receives lends us to believe that buyers are venturing the way of small "cookie cutter new" rather than sprawling "renovated with character."

We've driven briefly around the area, but never gone through the sub-divisions.

I'm driven to commit all the way through ups and down.I'm a tech w2 by day and want out completely.Every agent i talk to tells me "go find something to buy, it is easy and with your credit and DTI and funds you will have no problem getting your first door - just be sure the numbers add up"so wtf are these "numbers"?

It's kind of surprising the good tenants haven't been driven away. 

Character + local flavor.

LTR rates in those areas won't even come close to what you need to cover the expensive mortgages that are driven by STR revenue.5) Both, maybe? 

We prefer older properties with character, weird properties (that are functional), historic properties and generally things worth saving. 

You can get good cash flow nearly anywhere in Indy because of it's affordable home prices.Most areas of Indianapolis are seeing good appreciation--up 7% YOY, however, a lot of it is investor driven right now.

Price is driven by how tenant/landlord friendly a state is.