I saw your question, of course, I would have to send you information about the company I own and co-founded :)

Actually, it will indeed depend on the type of property you are purchasing. We tend to do only homes that rent for between $1,000-$,5000/month in rent, or with values of about $90k-$1million +. We have found these to be the best type of investments for out of state investors to purchase.

We currently manage about 400 single family homes, 90% of those owners live in California.

More information and LIVE chat with my company can be found at:

http://www.cbfaq.com
http:// MyIndianapolisHome.com
http://Crager-Bartels.com ---Mostly an informational site about the co-founders of the company
http://RentIndyNow.com
http://REalEstateTriplePlay.com
http://Blog.AnsonIndiana.com

Anand,

You didn't say what area of Indianapolis the home is located but I can recommend a great property management team. I have worked with them for some time now and feel they are the best around. They offer very personalized service and have a reputation of offering terrific service to both the tenant and landlord. If you'd like to send me an email at cbreneman@c21rg.net I can give you their contact information.