I was a renter in Minneapolis for ~ 6 years, the biggest thing for me was location.I would gamble on the Blue Line Light Rail expanions, as it will allow better transport in and out of downtown to those further out.

My goal is to create a blue print and learn the basics so i can be proficient when the time comes to take action. 

Blue on white? 

Go Blue

On a price per Sq Ft basis these homes will "appear" expensive as they are certain costs that all homes pay, IE impact fees, ETC ETCI think this product (if marketed right) would benefit the lower end of the blue collar retiree spectrum, as they are essentially the size of a smaller mobile home.I also think millennials would love this product.

It's the blue print you'll need to really evaluate the property and confirm your approach and price.I think following the valuation analysis, you'll want to incorporate it into a broader business plan that you can present to the owner, outlining the deal details and how you plan to be  successful.  

A short-term hold can make it difficult to argue that you did have the intent to hold, but if you could demonstrate that you did in fact have the intent to hold for rental or investment purposes but that you got an offer out of the blue that you could not say no to you would qualify for 1031 Exchange treatment. 

I agree with @Jo-Ann LapinThe Inland Empire in great, strong blue color towns are the best option for you.

Click on it and that'll create the blue hyper link at mention you see everywhere.  1.  

Stick with older properties in blue collar areas.