All their properties are in great shape and they were well managed.

If the house is in good shape and needs no repairs and you can get in light, as long as the financing allows for really good cash flow, it can still be a deal.

The numbers are good, the building is in good shape and it has at least 1 unit rented out with a long term tenant (have not verified the rental amount).

Looks good to me , he’s starting a new trend !

It's a national trend, and it's only going to get more difficult.

He walked the house twice before making an offer so he knew exactly what kinda shape it is in.

Indianapolis is a great market not just because it cash flows well but it has strong economic/demographic trends such as a growing population, growing jobs, a modern economy with a diverse employment base.

The fence on one of the sides of the property is in terrible shape and could affect the ability to charge market rent in my opinion.

Since buy-and-hold investments are targeted at a 5-15+ year time horizon, the goal is to capture longer term trends and differences among regions.

Additionally it is in such good shape, and has low vacancy, therefore forcing appreciation would be very difficult.My background: I've owned 2 rentals, 1 SFR, and 1 Duplex.