The problem is that it is nearly impossible to get adequate ROI on rentals higher than $1,200/mo.

Also, is there adequate parking?

@Nate Reed Nate is spot on here, I have walked several of my rentals where the PM did'nt adequately relay a problem, and it can be something small that will ruin it and you will never know unless you go yourself.

It is not dangerous if you have adequate reserves, but just elect to take a higher leveraged loan. 

To get the property adequately cleaned it took approximately 4-5 hours.

Take a hard look at the properties for slip, trip, and fall hazards; loose and missing electrical or plumbing fixtures; obvious leak sources- roof, supply piping, or sewage; exposed wiring; adequate lighting in all common areas; fire hazards; sources of combustion gases; pest infestations; peeling and cracking painted surfaces; loose or flaking insulation or other coatings; inadequate electrical, water, or other utility services.Deal with the obvious first.

Second, the cash flow needs to be at least adequate.

In many many years I have NEVER seen an owner pursued when there was adequate insurance coverage. 

Real estate is something that has a proven track record of weathering storms, just make sure you have a property with a great tenants that cash flows and adequate reserves.  

ALSO--this is a great opportunity to remind landlords that in Minnesota, a landlord cannot shift maintenance to a tenant without "adequate consideration" and set forth in "a conspicuous writing."  504B.161 Subd. 2.