Third, as other's have mentioned, I simply can't see how any investor whoever it may be would every purchase any property in St Paul after this initiative, so there goes development, including that of new or renovated affordable housing, and also of entertainment, shops, etc, which attract the affluent into the city and stimulate the economy. 

It can be challenging to deal with contractors and hold them to cost, schedule, and performance.

Third post today! 

Hi BPersI am venturing to buy from wholesalers.My goal is to BRRRR.My question -How do I perform due diligence - what are the catches, pitfalls I need to keep an eye on?

DSCR lending focuses solely on the performance of the property.

I knew it would increase, but I didn't realize the previous assessed value was based on a third of the FMV when I purchased the property. 

They did a drive by, took pictures, and I paid for it (deducted at closing), and took about one month.The third property I'm refinancing now is through SoFi and I paid for that with a credit card through their website, and they assigned one as well.

Unless you want to get creative with the current property in terms of renting it out, it isn't going to be a strong performer in terms of cash flow, but appreciation and future potential can be strong. 

The third floor is renovated and is rented with a lease for 1900. 

Try and get direct access to the court officer / bailiff / sheriff (whomever performs your evictions) and get on their schedule in advance if you can.