If you want to work a company that "walks the walk", take a look at our websites at MyIndianapolisHome.com, RentIndyNow.com. We manage our 100 units in the Indianapolis area as well as manage over 300 single family homes for out of state investors. We have been investors ourselves for over 10 years and are well versed on both rehabbing as well as holding property long term.
If you are looking for a cash flowing rental investment something to consider would be the fact that there isn't typically a direct correlation between purchase price and rental income. Once you hit a certain price point in our market the rental income tends to plateau. You have to find the 'sweet spot' so that your profit margin from an investment standpoint is maximized.
If you'd like to tell me a little more about your specific situation, I'd be happy to help point you in the right direction and assist you with your search. (317) 294-4295 or email@example.com
If you would like to email me a list of other criteria you have (i.e. what area of the city, price range) I will be happy to email you a link to listings that meet your criteria. You can also search the BLC at http://www.HomesByCindyB.com