Cash flow $224 - it used to be higher but my property taxes go up with no limit (no Proposition 13 like in California). 

However, if you have experience or may manage the properties yourself now or some point in the future, I would say the Minneapolis might make more sense.As for the appreciation, you mention that both to have decent appreciation, but I think this is a WAY more important consideration than the cash flow (since both propositions seem to have decent numbers).

you may want to double check the proposition that IRS liens and bankruptcy problems go away.

I think it's a good proposition.

Their value proposition is low HML lending rates (7% and no points) and they agree to purchase your "flip" when the rehab is done (for a pre-determined up-front offer).

Ask as many questions of proposition as you can.

If you don't have a value proposition for your part of the partnership, the money partner wouldn't need you because there is nothing to gain that they can't do on their own.

Work on the value proposition and get some experience with local investors.If you are an accountant, use that as a way to build relationships and learn more about how to help investors with their taxes.

People think they are making money because they compare the sale price to the purchase price and leave it at that.So, owning a home in most cases is a money-losing proposition.HOWEVER, it is far LESS of a money-losing proposition than renting.  

its a compelling value proposition when you take in to account  energy to run them will be 20% of gas price and no real maintenance   but to be fair brand new cars don't have a lot of maintenance the first 75k miles or so.. but I did have a Honda accord I bought in 09 and the engine fried at 30k miles they did replace it.. but if it had gone over warranty that would have been a bummer.. this is why in the last 30 years I sell my cars before I need tires or the warranty expires..