Although short-term cash flow may be difficult, long-term appreciation may make up for it.5.

If the Minnesota market has duplexes or 2-4 multi-family units, this could be a great way to get started.If you already own a home, then I would say to do some research on the top places around the country to invest in and build a team and a network of experts in that area. 

We recently purchased an apartment building on Oahu.  

But I want to cash flow more somehow in thousands  not sure on your capital funding for Miami but if you have the capital and backing I'd look at development for STR towers in the 50-100 unit range. you can get lots around 1.2 million that you can go 12 stories on with structured parking in Wynwood right now that you can build a 15 million dollar asset worth 30 million. you can do the condo exit or hold it as apartments and permit short term rentals. there are some great articles about short term rental occupancy. miami has 22 renters for every 1 available apartment and has the #1 net migrations in the state of florida for cities and florida is the #1 net migration state. it is land locked and developer friendly. it's under built.

This is the Old West End, a historical district in Toledo that has a very strict HOA/Historical Protection group that basically forbids you to use most modern building materials.

@Clayton Silva Would you mind sharing more details around how he gets adu build cost that low?

I would love to connect with other investors in the Albuquerque, NM area that would enjoy meeting up from time to time to talk real estate and build off each other.

Hi Stephen...Welcome to BP and the incredible wealth-building world of real estate investing.

In the meantime you can start building your database of potential renters. 

Since it is a new build, water shouldn't be entering the basement unless there is a Crack somewhere right?