Looking at the Minneapolis numbers, it doesn't appear our markets differ too much.  

When driving into Minneapolis, I noticed Kris Lindahl had dozens of billboards on the interstate I was traveling on.

Myself and an interested investor friend of mine from the Minneapolis area are eager to find great deals!

The cap rates for Class A new build in downtown Chicago are different than a Class C in boondocks Wisconsin.Cap rates fluctuate even on neighborhood levels, so you'll need to be way more specific than just midwest, unfortunately.For what it's worth, where we operate (Minneapolis and Saint Paul, MN) cap rates could be anywhere between low 4 up to high 6 percent.

@Chris Ha I'm in Minneapolis and its definitely hard to find deals but we are.

The attractive factor for me is that they handle service/maintenance, even if it's less laundry income.I have considered forgoing the quarter machines entirely, but I have another 4plex in Hennepin (south of Minneapolis) that came with a coin washer and dryer, and the amount of income is surprising.  

Hi all, I've been looking diligently for rental property, typically duplexes, triplexes and quadplexes, but with today's prices, even if I were to buy these properties at a 10% discount to asking price, I'm coming up with Cash on Cash estimates of no more than 3% to 4% in the area just outside Minneapolis/St.

I am looking at Minneapolis and Saint Paul.

I am looking at Minneapolis and Saint Paul.

Investment Info:Buy and hold duplex in Minneapolis, MNPurchase price: $236,000Cash invested: $60,000 (~14k for down payment and closing costs, the rest for renovations).Monthly cash flow: $1300What made you interested in investing in this type of deal?