Anyone with experience in North Minneapolis...?

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Hey, I'm a prospective first-time homebuyer, with the intent to owner-occupy and rent out 2-3 extra bedrooms. I'll probably expand with other properties if this goes well, but for now I just want to stop wasting my money on rent and hopefully turn a profit month-to-month. If the house appreciates, well, that's a nice bonus.

I've been preapproved for a loan of about $75,000. Not much, I know... My agent has sent me a list of houses in North Minneapolis, mostly Folwell, near Lowry Ave. A real hotspot for crime I hear, but for all I know it could only be gang members that are getting stabbed... Was wondering if anyone here has owned property in the area recently, and what your experiences were. I'm trying to be cautious, but not stereotypically caucasian-ignorant. (Mission failed already, maybe.)

Per the terms of the loan, the house must be owner-occupied. I'm a shut-in anyway, so I don't really fear for my own safety, but moreso stuff like break-ins, problematic neighbors, ability to draw quality tenants etc. Seeing as how it's my first property purchase at all, I don't want to get in over my head.

I'll probably be able to think of some more specific questions... Just putting this out there.