Most are in Mpls or St Paul, but you will find some first-tier suburbs with large duplexes.  3-4 plexes are as common as a Vikings Super Bowl outside of the two cities.Within 45 minutes of MSP airport: This will be no problem, everything is within 45 minutes of the airport, especially in multifamily.Areas with a small town/ neighborhood feel are a big plus: South St Paul would have this feel so would Stillwater but that is probably more than 45 minutes from the airport with any level of traffic or bad weather.

It's a bad model sooner or later (usually sooner).

Hi @Joe Tomko The point of utilizing Facebook is to market to your already existing sphere of influence and then expand from there. 

Ask them for a contractor, lender, title company etc.A good real estate agent should be able to point out good/bad things of properties you view.Good luck on your investing!

OTOH, if she bought it in 2006 at the height of the previous bubble, you may not be too bad off.1031 exchanges are for investments only, not your residence.

Not having a loan is better than having a bad one. 

If the mortgage was rejected, as I'm sure it will, I have to find new buyers in the middle of a market crash.I feel bad for the buyers, the flippers, but investing in NYC, things like this happens.

My thoughts right now are:- $700-900 per month in cash flow is outstanding- $67k to get into the deal is a lot, but it would garner ~$100k in equity- I'm split between keeping the killer loan rate and using the property for cash flow, potentially flipping the property, or actually moving into the property myself (coincidence here, but decent timing/location for a possible move for me)I'd love to hear some thoughts on this.....good, bad, ugly or whatever.

Your written agreement should fit on a single sheet of paper.If the apartment compromises 10% or more of your investment income, this is a bad idea. 

At that time the ex wife warned us that he was bad at managing money and would likely get behind on rent.