We dug a little deeper and found out the city had a timeline to expand water and sewer services within 18 months.

Water bill triples so they want to check for leaks, too many cars parked in the street. 

My units don't come with refrigerators but for $25 a month more I will supply a basic unit.  19 cubic foot, no icemaker, no water in door, etc.

Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

What water source is in that area?

Since you are not a skier, a home or cabin that is close with its own hot tub and other stuff sounds great You can do much more with a home than a condo.

NE Minneapolis has strong rental demand, but no area is hot in the Winter.

All of that culminates to high 20% occupancy; up to mid-30s - if you are on water or if you are nearby skiing (<10min).

Water and electric?

Although instead of knowing about roofs and rehab.. land folks need to know about:Zoningwhere is the power  is there internethow deep are the wells or is its an area that water is super toughDoes it perc. and or how expensive are septic systems.Wetlands Etc.Now if you target land with all city services then its just dead simple.. figure out the retail value and buy below it and do your flip..