It sounds like you're off to a strong start with your real estate journey.

You're not going to know the whole city from one visit but you may be able to identify and drive one or two strong "buy" locations for yourself.Best of luck!

Network with investors, analyze properties regularly and build a strong team early.Good luck!

It can't be too strong cash flow if replacing some appliances put you into negative cash flow (I assume you meant deficit, and truly didn't mean defecate).

If you are going to invest in class C I strongly recommend you physically go visit the property and the area with your own two eyes.

If P&Ls were manipulated or tenant histories weren’t properly vetted, that’s a serious issue and could form the basis of a strong misrepresentation claim.

However, you'll minimal capex/maintenance/vacancy and the overall return after 5 years could be very strong. 

While your value added is in the physical aspect of real estate (building SFR, developing subdivisions, etc) our emphasis is on deal structuring (loan modification, wrap mortgages, interest rate arbitration, real property consolidation, tenant repositioning, etc.). 

NE Minneapolis has strong rental demand, but no area is hot in the Winter.

Some banks and credit unions are more flexible, especially if you have a strong financial profile.