Here are some potential pros and cons of buying property in Otterbein, Indiana:

Pros:
- Small town feel: Otterbein is a small village with a population of just over 1,000 people. This could be a pro for those who enjoy a close-knit community.
- Affordable property: The cost of living in Otterbein is relatively low, with a median home price of around $85,000 according to Zillow. This may be an advantage for those looking to purchase a home or investment property without breaking the bank.
- Proximity to larger cities: Otterbein is located about an hour away from Indianapolis, the state capital, and about 25 minutes away from Lafayette, the largest city in the area. This may be appealing for those who want easy access to urban amenities while still living in a quieter community.

Cons:
- Limited job opportunities: As a small village, Otterbein may not have a large job market. Those who desire a wider variety of job opportunities may need to commute to larger cities.
- Lack of entertainment options: Otterbein is a rural area, so it may not offer as many entertainment options as larger cities would. Those seeking a bustling nightlife or a variety of cultural institutions may not find it in Otterbein.
- Distance from amenities: While Otterbein is relatively close to larger cities, it may still be a bit of a drive to access certain amenities like shopping centers or hospitals.

It's important to keep in mind that these are just a few potential pros and cons, and your experience may vary depending on your individual needs and preferences. It's recommended that you do your own research and consider all factors before making a decision to buy property in Otterbein or any other area.