Additionally, cash flow can easily disappear if you need to repair a roof or HVAC system.

Most of the time, one lender can not provide ALL the good stuff.So yeah, this is helpful, was hunting for good lenders and brokers

It is inexpensive and you would easily make the money back by picking up more clients. 

I know there’s a guy named John Fedro who had (has-don’t know) a course for how to provide owner financing and I believe had a way to do it legally.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

Bank Statements: Reviewing bank statements can provide additional evidence of consistent income and display how much cash they have in reserve. 

I don't think it makes sense to invest in an area where property values and replacement cost start to approach or even intersect.Milwaukee is easily missunderstood by people who don't live here. 

Then they use absolute garbage exterior wall sheathing, which provides zero stability and deteriorates over time.

I often provide a sheet of costs for certain cleaning/replacement items that will be assessed if they have to be dealt with at move out- Leave out that its making showing hard..... they dont care.

Any locations that may fit my budget and provide a decent return?