I am a new investor seeking out multi-family properties in the Indianapolis area to buy, reno (if needed), and rent out. I was curious as to what the average vacancy rate is for these types of properties and how much I should charge in rent to make vacancy rates low but still maintain a good income. Obviously I now there are a lot of variables missing in this generic question, but any guidance at all would be helpful. Thanks!
@Dave Jackson - your property manager should be able to answer your questions.
It varies greatly across the city.
For starters - I would NOT recommend multi family [unless 10+ units] and to just stick to SFH for awhile until you get settled in - IMHO