Majority of the city will require a C of O by the city.

Hey there all,I currently do some investing in Columbus OH, and am looking at the MN market, among others.It seems like the majority of commercial lenders have a $1M minimum.

@James Wise  Per your request.Coming out of the late 1800s most of the major west coast cities that we know and love like LA  SF  PDX SEATAC were all subdivided by the same engineering firms  at least SF and Portlandia were.. this led to land speculators in the day going out into the Western deserts and other remote areas.. buying what were large land holdings , Spanish land grants and other lands that were not govmit owned.. then in the day you could simply create massive subdivisions buy doing basic surveys off of the base and meridian lines.. which all of the west is surveyed off of... this is called section land.then create these massive tracks of lots.. some were like up in the apple valley, Lancaster,  Barstow type areas mainly 5 acre tracts.. and were done on a grid pattern.. streets in ( mapped but not built)  and of course spiraled out of a small little town off the railroad track or the few roads that existed in those days.. you took your map and recorded it at the county, county was happy they just got 5 thousand lots they could send out tax bills on..

I currently work as a retail department manager and am joining the police academy in January 2019 once I complete my bachelors degree in December this year.

However, when you factor in the time value of money, and the minor(Or major) remodel needed after a tenant moves out, you might as well just keep flipping.

Sounds like a lot of major repairs have been done over the years which is a huge positive.

The problem is you don't know what you don't know until you have the property inspected to determine the current condition and life expectancy of all major components and appliances. 

The majority of the housing stock in that town was old and run-down.

Does the association have enough reserves to cover major issues, like a new roof, windows, siding, boiler?   

It is very common in suburbs to have no major local employer, beyond schools and other city workers.