I am trying to decide between MN Property Nerds and Twin Cities Leasing for managing my long term rental in St Paul Minnesota.This is an out of state investment for me, and I also need help with tenant placement.

I would put money down depending on the terms.

As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

This also makes it easier to either gain a larger profit if flipping or room to do a cash out refi if holding.

So, when closing, your new lender would give you a check for $10k to do whatever you want and a new, longer-term loan.

Groups like "Short Term Rental Long Term Wealth" are awesome.

You need to adhere to the terms of the current lease if there is one. 

These areas may offer better long-term appreciation potential.Specific Neighborhoods:Research Local Demand: Talk to current students, university housing offices, and local real estate agents to identify neighborhoods with high demand for student housing.Check University Plans: Universities sometimes have expansion plans that can affect housing demand.

Agree with others, including that the wider slat blinds hold up a little better. 

“The ability to attend to a task and stick to long-term goals is the greatest predictor of success, greater than academic achievement, extracurricular involvement, test scores, and IQ.