I don't know if I can provide advice that tops anything that those with deep real estate investment experience in the area might be able to provide, but I've been an interested observer of the Bay Area housing market since the tech economy began rebounding in the early aughts.My take is that property value within San Francisco itself will continue to teeter at an elevated rate for the foreseeable future (this is somewhat of a given considering how small the city itself is, and how fierce the demand for property remains).

I'd likely need professional property management, need an entire new set of contractors (how do I get elevators repaired?).

So, those results are pretty meaningless to those who are familiar with the methodology.If there was obviously elevated mold levels in the house at some point and you remediated that mold, you need to disclose so that the buyers can choose to review the air quality test results and determine for themselves if the levels are acceptable.There's a reason I know this much about mold.

If the location is difficult to access like in a city with no street parking and the contractor has to walk the material in from a block away or you have to bring things up in an elevator or its a condo or you are asking him to go around and pick up items in many places or bring in samples of carpet for you to select or where they could only work specific hours, this could play an impact in the total cost also.

I bought a 6 commercial unit, and the owner and agent said, "everything" is grandfathered in.....elevator, sprinkler system etc.BUT what he didn't realize, was the township knows that he is a SLUMLORD in a grade A area.  

We are actually working with couple investors on this strategy now as it's becoming more and more popular due to the elevated level of returns. 

Check with the municipality to determine if they will grant a U&O for the property at its current elevation or will they require it to be raised. 

John Warren interesting indeed, I'll keep elevating and hopefully I make the plunge soon.

Etc...I'd like to hear/see more thoughts on Minnesota/Minneapolis in general.What are some neighborhoods that you think will elevate in price and continue to elevate?

And the second floor will not be conducive for patients unless there is an elevator, and ADA requirements.From both an beauty point of view and a  business point of view, and my personal experience I'm not much in favor of duplex conversions.