I know this market is very very competitive and also expensive.

Competition is fierce on bigger deals and I'm sitting here with a long time horizon hoping to get into bigger deals but wont do it at the expense of tighter numbers.  

I will be closing on a property this Friday and I went over there today during heavy rains to see why the bottom floor floods.  

There are plenty of renters or tenant buyers with little to no competition on the buying side.- it's always good to see another Hoosier utilizing this great site!

Example Quad propertyHere is a current 7 unit rental for sale at $630,000 with a neighboring unit renting for $900 a month with 2 bed 1.5 baths, so that may be the prevailing rate there. 7 unit condos for saleI am not interested in these properties in particular, but just want to provide them as examples if anyone wants to take a look and compare them to the other apartments in the area.I suppose that at the right price you can make a case for any purchase, but the competition for tenants (with perhaps a need to be more flexible on tenant quality) and the need to keep rent rates stagnant or lower them to ensure high occupancy seem like troubling considerations.  

Interested in vacant land mostly because of the super low amount that you can start with, but also lack of competition.  

Look at AirBnB and see what the competition looks like in the area of your rental.

She can get into a better investment property, you can continue doing all the heavy lifting for her and then she can leave you a better property down the road.

I walked into the house and the house was filled with heavy oil smoke.

I ask my realtor to get me into a few rentals in my area so I can see what the competition is.