,I agree with everything that @Sharon Sweeny said above.To expand on taxes and insurance for a $100,000 house in Minneapolis.  

Minneapolis-St.

In Minneapolis rental prices are lower as are home values.

BP Community.I am reaching out for some advice.Currently, I am looking to purchase a single family home near a college in the Minneapolis/St.Paul Area.

What are some good groups in Minneapolis or Saint Paul to go to?

Would love one of those in Minneapolis right now!

the real estate market in the Minneapolis area has seen exponential growth since the quick recovery that took place in May.

If I was trying to cash flow Minneapolis Suburbs I would be singing the same song.  

Investment Info: Buy and Hold Duplex in Minneapolis, MNPurchasePurchase Price: 302,500Remodel Budget: 50,270Initial Loan Terms: 5.125% interest rate fixed for 5 yrs, 25 yr am, 246k loan (80% LTV) - $1953/mo PITI. ~$410/month in HELOC interest paymentsInitial Cash Flow/COC return: $599/mo cash flow, 12.95% COC return*Note: Cash flow assumes 15% expenses combined for vacancy/maintenance/capex, plus $150/mo water/garbage bill, and $75/mo for lawn/snow.

Let me try to give a real world experience that may provide some conclusion as to whether or not owning more properties provides greater protection.I’m going to use a duplex that I purchased in city of South Minneapolis back in 2014, that I self manage.I purchased the duplex for 180k with a fixed 5.25% for 30 years with 25% DP and 3% closing costs.Let me point out some of the specifics of the duplex.The windows, furnaces, water heaters and HVAC were brand new as of 2012.I have put 5k into unit #2 for renovations and 3k into painting the house due to a violation of lead order by the City of Minneapolis.So keeping those upcoming expenses in mind for the near future, suppose two investors have 50k to spend which is to be used for closing costs, DP and realtor commissions.Since I paid for closing costs with cash, I’m not going to roll them into the loan for this example.