This is particularly true in Indianapolis which can vary neighborhood to neighborhood and even street to street.

Rates vary from $400-$1,100/night depending on holidays etc.

My main priorities would be to have positive cash flow, to the point where I wouldn't have to come out of pocket for my own unit.

I don't have a ton of experience, and I imagine this varies from market to market, but that's a lot more than I pay. 

As far as association dues, they vary wildly in both cost and what they provide. 

Zips and towns vary greatly from neighborhood to neighborhood and a lot of people find their niche area and focus there.

Your mileage may vary.

It wil vary @Charles Kennedy.

The answer really depends on your state and local laws and varies from place to place.Rather than worry about two deposits, an easier way (if you can do it) is simply collect a larger security deposit and make sure your lease includes unpaid water bills as something that can be deducted.The best solution is to have a great property and find great tenants who pay their bills.

I researched and reached out to attorneys in the area and their prices per document or per hour varies widely.