I also have numerous friends and  investors that are in North Minneapolis and it has a vibrancy along with issues that are just different than some other areas of Minneapolis. 

There are numerous ways to make money as an investor.  

With that being said, there are numerous variables to account for and it's always important to weigh the pros and cons based on your strategy.

After 8 months I have had to deal with numerous incompetent people and can't stand it anymore.

I am NOT an attorney, but have had this occur in numerous situations and the answer has always been "not a problem" There could be many reasons why this occurred, the most common is the allonge was actually endorsed to BLANK (not endorsed) and Company D did the smart thing and signed it to their company.

But of course, there's always plenty of tenants who think they are entitled to an apartment and know how to play the system. the proverbial "professional tenant", they do exist and are numerous up here.For my money, landlord friendly states only with a solid PM team is the rule.

But it is ok with you to gamble with your money sending a ton of mailers and 3%  will contact you?

They will have the systems and experience that goes the xtra mile to uncover as many unknowns as possible, get as close as possible to reliable numbers, and know what that work and energy and execution is worth, which I know to be $$$$.Otherwise, it’s just a gambling exercise between less experienced guys or frankly ‘advantage takers’ hoping they are something they aren’t, and there’s no cheat code to that. 

Did it here a number of years back in NY and it cost me $150 for the walkthrough and the fee is deducted from him if he later draft and file plans and obtain permits, which you are required to do, for you.There's not enough details in your post to give you an opinion, as there are numerous variables.

@Darryl E Johnson Unless you're an established investor with numerous doors starting an LLC is pointless.