I’m ok with $200-300 a month cash flow, (after rehab) in the beginning because rents have steadily increased in the area too since 2010 so my initial cash flow improves over time.

Once you have that first one under your belt, your confidence will skyrocket and you will greatly improve as you continue to invest.

@Christopher Alvarez Yes happy to help you and more than willing to share my experiences. i live in new britain now and did so for 10 years a few years back. the city has the same sort of crime any other area does. i can tell you for sure, it has improved since i lived there last. i would not be too worried about that but i would say its important to get with someone that knows the area street by street.

Does credit score matter (650-700) or should it be improved before starting?

The HOA's financials have been rocky but are improving.

Although they were not good deals originally but as the market improved they were more valuable.  

For example if you grew up in Hopkins you would likely know every part of the city and whats improving and declining.Your market is the twin cities area and the demand for rental housing, price to rents, and future trends.You need to know your city and what they expect from landlords and the costs involved in compliance.Neighborhoods are not the same block by block some have good demand blocks and others have undesirable blocks.Knowing your block would be understanding that the houses in a certain part of the neighborhood are In high demand because of the walking trail, proximity to transportation, or a school boundary, planned light rail, etc.

But I have four triplexes in contract right now that I am wanting to finance in a conforming 30 year mortgage to get the best possible rates and improve the cash on cash return.

New property management and small safety improvements to the building What was the outcome?

What kind of financing should I look into if i would like to pull some money out to cover purchase cost and improvements?