The area with the high density red dots is 55411.Minneapolis shots fired - June 3-9 2014http://www.ci.minneapolis.mn.us/www/groups/public/...Here you can look at more periodshttp://www.ci.minneapolis.mn.us/police/statistics/...I don't personally know the area all that well, but it would potentially be one of the more challenging areas of Minneapolis.

I couldn't decide due to negative reviews. 

I summed up monthly expenses based on my ideal price (mortgage, taxes, condo fee, repairs based on actual repair costs for a similar property I have lived in for the past 5 years), and if I were to rent it out immediately I would have a negative cash flow of $200/month, but I don't think I would be paying more than I would to rent a place in the same area, so in a sense I am not losing anything.

Just don't be a statistic.

Account Closed - That's a bit of a stretch, but often times negative attitudes only focus on the negative. 

Here's how I define the communities:A - highest end communities and you get more Appreciation (no cashflow or even negative cashflow)B - you get BOTH cashflow and appreciationC - you get CASHFLOWD - you get cashflow but coupled with a lot of tenant DRAMA and occasionally, property DESTRUCTION (property gets beat up or depreciated)F - war zones: you're F***ed up

A common statistical statement is that over time, everything eventually regresses to the mean.  

But after doing a lot of research on investment opportunities in other parts of the country, I decided that the positives far outweighed the negatives.

Some people will get shocked by it and let it negatively affect their understanding of rest of your post.You clearly said : "Yes. of course I believe in compromise and treating the tenant with a great deal of respect, they are helping you pay for the house after all.

The deal is not negative but IMO it's not a "good" deal as a rental.