Hi there, I would like to understand the deal flow better - it seems pretty straightforward on the surface- but wanna know more details.My situation - I have a few long term rentals that are slight positive cash flow.

Do any of you in MN know what actions need to be taken to get this straightened out?

Would love to hear from some others on how they got started and anything else relevant for someone in my position.

What is my next step of action in this aside from the appraisal?

Just approach them, explain when your would be in a position to address the issue and why.

I am meeting with banks and some local connections I have with real estate agents to start getting a feel on my position financially as well as get a feel for the local market.

., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.

Then take action.

I don't mean to be negative, just helping explain the field as I've experienced it from a similar position.

There are pockets of 35805 that you can definitely find good properties and positive cash flow.