I am not active in the 55+ market but suspect it would be while the snowbirds are here, or may bee a little before.  

I suspect the ones that are mostly social will yield less results (Beers and deals, etc.). 

In the absence of comps, recognize there is not much clue as to how it will appraise.As for an unpermitted ADU, I suspect that if the appraiser can easily note that it is unpermitted it will not receive much of an appraised value.  

They aslo seemed to have very little cost for management fees so I suspect they may use a leasing agent but maintain the property themselves.

Dude sends me a pre approval letter from a suspect lender I've never heard of.

First post here after lurking/networking behind the scenes for last 1+ years.So here's the context of my question:My big ambitious goal is to have a property portfolio of $10,000/month in cash flow 4 years from now (I estimate that means control of ~40 units or acquiring 1 unit every 1.2 months or so)These would all be out of state buy & holds, where I'm obviously focussed on maximizing cash flow (SFH or MFH)I have a full time job that pays low 6 figures (so I have roughly ~20hrs/week to give to my investment goals) and no current rent/mortgage or other liabilities aside from feeding myself (I've done this intentionally for this 4 year sprint towards financial freedom).I have up to $50k to invest right now (and another $100k if I dip into 401k which I've contemplated doing), but as mentioned have a healthy savings rate given my circumstancesMy preferred route for now are properties that can be acquired at less than $150k per unit (so I've honed in on the usual suspects of states: WI, OH, IN, FL, MI etc) and from there I look for cities with more than 50,000 people that are either growing are have stable population, decent employment opportunities, relatively low crime, etc).I also have a bit of a desire to not go where I know everyone else has been circling for some time (Detroit, Cleveland/Akron, Dayton, etc)So given all of this and my lofty goal of acquiring a property every 1.2 months (unless I'm thinking about this wrong), my question is this:How many markets are too many to build and maintain a deal pipeline that helps me achieve this?

It's a bit of an ordeal, but often worth it and I suspect it's pretty similar in Minnesota.

Based on what information you've shared, I suspect the PM failed to inspect.

No well person would want to live like this and I suspect some kind of mental issues going on hopefully he gets help and the landlord can get some sort of compensation.  

I suspect it could possibly have been in the top 10.