@Mike TikhRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

If not, I recommend you take some classes before you get yourself into trouble.

"South Minneapolis" is such a broad term - there might be as many as 25 different neighborhoods ranging from A-D class, each with their own pros and cons.

Get your RE license and sell these on marketYou can also use the marketing skills you learn and direct it toward apartments or commercial real estate and jump into that asset class.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

I have gotten pretty good with multi-families in low to low-middle class neighborhoods.  

A person could be 1 week out of prison for murder and no, your not in the clear to discriminate against them as a potential buyer for an open market home sale.There is a lot of history with various discrimination in access to housing to various persons of assorted minority classes, not just on race but a whole assortment and in this day n age there is no shortage of attorneys and advocacy groups happy to sue.

Is the old adage that landscaping doesn't get any ROI in a middle-class market still true?

Luke - as an active investor and Realtor in mid-sized NC cities, getting 5% with today's home prices and interest rates is impressive in areas that aren't D or even C class assets/areas.

@Bryan Cavellier, You can 1031 with any US property including Guam, the USVI and ...drum roll- The Northern Marianas Islands (go figure but I actually had a realtor from there in a class of mine recently) into any other US or one of those territories.  1031 is a federal statute so it's applied the same in all locals with just a few variations state to state at the state level.