Any thoughts on the future of this neighborhood that is situated adjacent to Tremont and Ohio City, which have experienced a boom (read: gentrification)?

We both were approved for a 180-month 5.85% loan, as well as a 7% 30-year fixed mortgage, but we will continue to shop around with the idea that we would just pay off the entire mortgage once our funds become liquid. 

An NBC News measure of home buying difficulty shows that Hennepin County, where Minneapolis is located, is the second-easiest county to buy a home in compared to the seven counties adjacent to it — even though Hennepin is the most populous county in the state.”Great damn job Minneapolis!!!!

It became everything from a drug den to sex trafficking to an illegal auto body shop.

I've gone through the process of shopping out a loan for the property and it was decided that I'd go with a loan originator who initially told me the interest rate would be anywhere from 5.5-6%.

It's always good to shop around for rates and program options

With the exception of a few “loan to own” shops, the lenders don’t want these properties.  

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

First, I went to the lender and asked if we could do a loan modification instead of me shopping around for a new loan that might not be with them at a lower rate and for a modest processing fee they did that.

I'd be happy to talk shop with you, feel free to reach out and best of luck this season!