Some restrictions are so bad you can't even paint with the wrong colors!

I'm not trying to convince anyone of the benefits of big data because to me it is self-evident.But, what happens if you don't have access to big data?

The rent is hardly increased by volume (offset by heating in any case), only living space really counts.A mezzanine would sound attractive, but there are building restrictions and I fear the structure won't support them.

for a newbie ..the best property is the one that you can access as many times as possible before you close. having the property under contract and "acting" as an owner, contractors will talk to you ..you can get bids, quotes, do inspections, termite letters, radon tests, mold test, etc ...imagine bringing army of inspectors when an owner still lives there ..not possible. you control purchase price ...so make sure you factor all things you need to change, add, update into ur costs ...u need to discover as much stuff as possible. once u do 10 flips ..probably short 10 minute walk will be enough to get u rough idea ..but by that time ...inspect, inspect, inspect

Meaning, a Fannie/Freddie type of loan will allow you to use a 50% Debt-to-Income now....although you still might find some lenders are more restrictive...but that's what most will use.Now, if you are using a "portfolio" or "commercial" type of loan....then it won't matter what your personal DTI is, since they will use the income of the property itself to qualify you. 

Make sure your contract states that you will be allowed access to show the property.

Less Red Light and Speed Cameras, parking tends to be FREE. etc.As to areas, I would just suggest you use the MLS access that you have, run numbers on properties based on rent, and the usual expenses of Taxes, Insurance, Debt coverage, etc.Then once an area comes over as decent, check into if Landlords must "register" this is a new trend that provides a landlord with no discernible benefit but to simply pay a yearly fee to the municipality so they can line their coffers more.

I have looked a bit in Minneapolis but trying to stay closer to home for easier access since I am looking to self manage as well.

It is for first time buyers and has income restrictions.

Every Owner of a Lot, by accepting a deed for that Lot (whether or not expressed in the deed or conveying instrument) or otherwise becoming an “Owner”, is a Member of the Association, is bound by the provisions of the Project Documents, is deemed to have personally conveyed and agreed to be bound by all covenants and restrictions contained in the Project Documents, and is deemed to have entered into a contract with the Association and each other Owner for the performance of the respective covenants and restrictions.