Is 2300 square feet is on the bigger side of what we should be targeting?

Do the math: 100 car train, each car 100,000 pounds gross weight each.

If not what price range should I target? 

Penny wise, pound foolish.

This successful flip highlights our ability to maximize returns through efficient project management and targeted improvements.

They sent a very professional slide pitch deck that showed all of their justifications around that specific market, e.g. employment market, housing shortage data, the new developments in the area, the air bnb data, etc. etc.They also stated the numbers were conservative (7 year to reach the target returns) and that likely it will be year 4-5.

It sounds like SFH is the target in this area and that Condos would not work due to HOA by-laws.

If you intend d target a first time homebuyer and your current taxes are less than $6K then maybe you should sell. 

My target area is Minneapolis, MN (Lake Nokomis/Lake Hiawatha area).

My target was a payoff in under 10 years without drastically changing expenses.