In reality, the City only pursues these issues if someone complains.

One that is, in reality, not capable of being fixed due to the actual costs to remedy it.

The reality is that it is a cyclical beast, and the next cycle may be the one where you are out on the street with no jobs available.

If it's "almost" three years you're still in the window to sell and get tax free.Unless you're on site almost 24/7 the feeling of control of an asset is more an illusion than a reality. 

My concern is that when I ran the numbers I made a mistake thinking it came out with some cash flow but in reality I break out even until I pay off the $28K that I'm putting down including closing costs (15% down and around $7k in closing).

The reality is if investors can sell for higher to an end buyer, even without doing anything then they are going to do that. 

Now, in reality, most HML will want something from you even if you if it's your first time working with them.

If you invest in Minneapolis for whatever reason, expected higher returns, estimated appreciation, etc. you do so with "eyes wide open" to the political and regulatory reality of Minneapolis.  

Reality of things that will happen.

So just stating reality of the lending world.. :)