To answer the OP question, I would be ecstatic in my market in class b or better area if I could purchase break even day1 on cash flow rent ready, or not rent ready where the value added is at least 2x the cost of the value add, at 80% LTV.  

I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.

It may not be a bad idea to also be added to a MLS search to receive any new build listings. 

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

I just had her sign a new lease adding her boyfriend who she is alleged fighting with that starts 1/1/25 so If there is going to be a major issue id like to handle it ASAP before that lease would start. i received the messages at 2am and have not responded to him. 1.

Well, if you call finding out this info a "law degree" than I'd have to say via google.... 

Our first purchases were ones that we lived in and added value while we learned.  

You can usually find some events by doing a simple google search.

Also, it's likely that a slightly smaller amount of each payment will go toward principal since the loan balance is higher and the rates are likely nearly the same once the MI of 0.5% is added to the rate.

A quick google search reveals that Minneapolis provides assistance for first time home buyers so there seems to be a problem with funds for first time home buyers in your locale too.