South Mpls is a huge area and I would say for a rule of thumb here the further south you go the better off you are in terms of crime and safety.

You'll need to be 100% transparent with the owner and probably either pay him higher rent or cut him in on the profits.

When you consider that the HOA fee is almost equal to the property tax and the rents are not very high, then the HOA fee cuts deep into your profit.

., Yep, it's a two edged sword. 

That would make the most sense as not to take away from cash flow and to cut expenses ASAP.

There is no way you can profit from having a certain skill or a piece of knowledge that can give you an edge.

He's on the market at $750,000, so there's a very realistic break-even scenario.As a wholesaler, you would have to convince a buyer that you have something worth selling - and a "buyer's list" doesn't cut it. 

Home got very nasty and we called the city health and safety office and they sent in an inspector and he testified in court the home was uninhabitable and they tenants had to leave. 

What strategies do landlords take when there are security and safety concerns with smaller multifamily properties?

A good handyman can fix 65%+ of issues and then should know which licensed contract you need for what they cannot do.An Inspector is good to have because you shouldn't trust contractors and should occassionally spot check your handyman's work to make sure it's done right.You'll also need a lawn company to cut lawns for vacant properties.