Sounds like I've got the plan all laid out in front of me. 

You understand some of the basic concepts, but also have some giant holes in your plan.

What adds complexity to our plan, is that we live in Minnesota.

I was told by another investor that I will run into a seasoning problem, but i don't see how if i don't plan on refinancing.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

The six month cd isn’t the point my understanding is that I can’t just take out the HELOC, I need to actually use the money for my plan to work and a short term CD seemed safe and reasonable 

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Maintenance and UpkeepRegular Inspections: Schedule periodic property inspections to address maintenance issues.Emergency Repairs: Have a plan in place for unexpected maintenance needs.Furnishing the Property: Budget for necessary furnishings and appliances.7.

Hey guys, I own a 4 unit that I plan on doing a cash out refi on.

How do you plan on finding your deals?