I'm planning on flipping in California.

@Deonte Palmer Yeah one coming up next month on 47th king drive.

Hi I’m from California, looking to fix and flip or fix and hold properties out of state and I am curious to know what the Minneapolis/St Paul market is like.

And funny thing, my family and I were just in California last week on vacation, right before I signed up on BP lol.

We can also buy a house brand 4/2 2000 sq ft from builder for $700 or $150k versus $3000 a month here in DFW or California lite as I call it!

So bottom line is out of area investor with 25 to 30k can get in the game.. and that is the attraction.. were 25 to 30k in the high priced markets not so much.. and then you have others that have more wherewithal than that and they scale it .. bottom line investors chasing yield.If investors can get a 5% return in CA.. as opposed to 5% in the mid west what would they do..

Here is the post you referenced in tenantsunion:Section 8 Voucher Discrimination Your Housing Rights and Section 8 ProgramsIn the City of Seattle, unincorporated King County, Bellevue, and Redmond it is illegal for landlords to discriminate against someone because of their status as a Section 8 voucher holder.

First, Unless MN is different then 90% of the US, You do not 'own' the HOA, The HOA is a legal entity created at some point in time. you may have controlling votes in decisions when the HOA brings then to a vote, but unless the document created at the time of the formation of the HOA says something differently you are just a unit owner many times over.Second, Depending on how the HOA was set up, The HOA may be under the Direction of a Property ManagerThird, You must follow all Federal,State,Local laws regarding the HOAForth You must comply with all HOA rules  for each individual of your units regardless of how many you ownFifth while it might be enticing to go all Pirate King, remember you have to follow the HOA rules or you may be subject to fines and lawsuits or both (In MD there is a case in the courts where a renter had problems with the unit owner and the the owners of the unit are being sued separately by the tenant.

I know cash is king on these types of purchases (I have some to put towards a loan), but what do people do to afford something like this?

California) Based on your example, each property is only cashflowing $166 per month, so I'm guessing the property value must be $500K or more for you to have such little cashflow.