Hi there BP!

I'm hoping that you all can give me some insight on whether my current plan of attack is a good one. I'm getting my feet wet with my first long distance investment and hoping to buy my first property in the Indy market. I'm looking for a long term, relatively stable SFH that I might someday be able to manage myself remotely. I'd ideally get about $150 per month cash flow at this time using a property manager.

I think my best bet is to invest in a solid B class neighborhood with a house in the $110-$135k range. Looking at Sterling White's helpful post, it looks like my best bets are South, Northwest and Northeast of the 465 freeway and north of 38th street are all solid B areas. It looks like rents, at least according to the Zillow rent estimates I've seen, fall within the 0.8 - 1% RV ratio.

I know that is a large area, but are there any areas that people would recommend for a newbie like me to pursue? Equally important, any areas within there to stay away from due to lack of renter demand?

I'd also love to have recommendations for Realtors that have experience with remote investors in those areas.

Thanks!