Coming from out of town (I've never been anywhere near Indiana before) there is only so much you can learn about a market and ultimately you need to find local professionals and investors that you trust.

It's going to depend on the town and how strict they are.

There is plenty of competition where you are (I don't know where exactly, but there is ALWAYS competition), but if you are marketing the heck out of your town, you will beat most of the competition.

The property I am looking at is in a neighboring town outside of Fargo with a Tech school and decent consistent renters.

Typically a 3/1.5 slab with a carport is $900 a month around here in old town and you get to a 3/2 with a basement and single garage you are up to $1200 to maybe $1400 depending on location.

Just curious how you found the fourplex while living out of town.

I'm also going to set up meeting with a bunch of other brokerages around town too, just to ensure I get a fair deal.

I will be primarilly looking on the eastside of town (East Liberty/Penn Hills/Monroeville) for now.

Sometimes I will get leads in smaller towns around me that don't have much buy/sell activity.

I live in Los Angeles and the numbers just don't make sense here for cash flow to me.Some technologies/resources I use when evaluating some property are City-Data, Trulia, Zillow, Google Street View (to drive the town), City Tax Assessors web site, Realquest, Angie's List (a must!)