Hello fellow Minnesotans,I am new to the game but diving in to learn rapidly.

If your strategy is to create cash flow, your rapid rise in rent would most likely be detrimental in the short term.

Typically there are a number scheduled during each session and each are dealt with fairly rapidly. 

Back then there was no distress and growth was moving outward at a rapid pace and rents were increasing from demand.

I'm looking for a drywall contractor/handyman to install a 12' x 12' section of drywall in the bathroom ceiling at my property in downtown Grand Rapids, MI.

There is money to be made in mobile homes on their own land but since the only real value is in the land itself because of the rapid depreciation of the mobile home -- buy and hold is probably the most profitable (of course, this is my personal opinion).

Charleston SC is one of the top emerging markets where equity is rapid and huge.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.Good LuckPaul

There is more diligence you can always do but stick to qualifying criteria first and then decide if you need more info to make a decision.Like you said, you have ample time to find the right tenant however that time moves rapidly if your not proactive.

If they hesitate in answering a question or answer a question with rapid unnecessary chatter both indicate a person is lying.A second interview of the possibly 10%, maybe one 1 or 2  potential applicants, will result in a application being submitted for background and credit check but by this point you are most likely screening applicants that will easily pass.

Rents and prices are linked; if prices are not increasing rapidly, then neither will rents.Furthermore, it's not realistic to expect a 10% return in any location if you include all recurring costs in your calculations.