Advice on SFH rental research in MPLS area

[Anna Gorres]

I am strategizing for my first move into RE investments, and feel the BRRRR strategy will work best for me - starting with purchasing my first primary home and rent out an extra room until I am ready to rent out the entire house. I have a few questions. 1. I will research typical rents per neighborhood, and their square footage and number of bedrooms and baths. I was planning to use the verious apartments hunting sites as well as craigslist. Any other recommendations? 2. Are SFH harder to rent out? Is there a general size (sq. ft. and bed/bath) that works best? 3. How to research/determine where the more desirable neighborhoods are? Is it as simple as proximity to transportation, entertainment, and freeways? 4. I've heard the City of Minneapolis is hard on landlords, making them jump through many hoops and requiring many inspections - and to plan on giving the city around $1k per year. Any feedback on this? Debating if I should focus on the burbs. 5. Also, any Mpls area investors have feedback on condo investments, especially on the BRRRR strategy? My budget is low....but not sure what worse, waiting ti soknehow try to save more money or a slow start. I am also considering trying to find s partner or private lender. However I am a little scared of partnerships and therefore and first seeing what I can do on my own. Any guidance or advice is much appreciated! Thank you, Anna