$5500/month.I would say that's pretty close to 10X  "forced" cash flow.WARNING-  INDY is a very competitive market for Airbnb.   

Proximity to other investments and market knowledge, under-market rents, as well as ability to potentially add more units at a competitive price based on the property's zoning.

I can't imagine the apartments will rent for 2K plus, for what I'm seeing.Are investors buying for appreciation like original poster or are people buying heavy value adds to make the numbers work. 

I own a Custom electronics installation company #Teatrograde, so I have a system I install that will benefit me as the owner but also provides ease and comfort to the tenants that pays for itself by providing my tenants with wifi at an additional cost, competitive to the internet providers.

There's a fair amount of competition through Utah and houses are not cheap.

@Nathan Brooks I have a pretty deep real estate and finance background with a heavy lean on REITs and online investing.

I went to the tax auction last week and it was crowded and competitive.

Instances like this make me consider looking for other property managers that can offer better service at competitive rates

One bed, one bath, 550 sf costs about $250 for a move out cleaning including washing walls, baseboards, windows, heavy stove/fridge cleaning, bathroom and kitchen in normal albeit dirty shape.  

Amazon choosing another area will actually help us to remain competitive by not killing our real estate market.