Where I sit in a landlord friendly up and coming red state, the price of real estate has gone absolutely crazy.

I second @Adam Tafel, the Mpls market is red hot and sky high, no logic in waiting as there is a lot more negative potentials in future than positive.

If you can provide all of the property expenses, I can help you analyze the property.One red flag to me is the numbers on the cafe.

Red: it is important to get down to the bottom of this because utility costs can be killers, especially in Packer country and points north. 

Right now my underwriting puts you in the red. 

@Chloe Montaron Always request an inspection and really look at the home, some times we get wrapped up in the moment and miss red flags. 

FHA has more inspections, paper work and red tape

That got me thinking that with my experience, training, and hard work ethic that I should start a handyman business as a way to bring in some additional money to save for investing; as well as a way to connect with other landlords.I am looking for other investors opinions as some of the best ways to connect with other investors in my area that may be looking for a reliable handyman (Redding, CA.)Any advice would be greatly appreciated.

-----As an update on my previous response to Lizzie where I mentioned a Lakewood property I saw, that property as well as 3 similar ones I saw have all gone under pending sale within a week of being listed - looks like the market is red-hot right now as you mentioned!

If it's anything serious then you're red for that month(s).One missed apartment turn = negative cash flow for a few monthsOne bad tenant is a full year or more of negative cash flow.Everything can go great for 1-2 years, but you can have ALL of that cash flow sucked up with one bad occurrence.