It's a fabulous small town in Southern MN just off Interstate 90. 

It should make majority of what you do as far as work goes. 

@Ofir R.Recommend 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 property in Class D area to Class A standards, what quality of tenant will you get?

Prioritize your financial stability.

-------------------------------------------------------------------------------------------------------Recommend 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 property in Class D area to Class A standards, what quality of tenant will you get?

Banks do not like them.

Let's say it's a family of 4, do you make them all pay for the aprox $40-$50 screening package?

There just aren't as many deals as there used to be it seems. 

The best thing this community can do is encourage your son to run far away from a subject to deal.

I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!