This is normal! 

@John Cooper, it sounds like a normal tenant and a difficult landlord.

It's not normal to do it prior to an accepted offer.

I think for MN specifically, a standard deductible of $5k to $10k is normal, and the wind/hail at 2% or $10k (whichever is greater) is typical for your area/state as well. 

Normally “Developing” gets a higher returnthan Buy/Hold due to the Occupancy risk.

When I first began investing and relied on friends and family investors I was normally in the 30/70 split range.

Just because you want to hit a specific number doesn't mean the market will meet you there.Great example of how Class C properties may appear like great cash flowing investments on paper - meaning fully rented, paying on time and normal levels of maintenance.

Currently, I am looking at Hemlame for local, I tried to use them for an out-of-state investment property, but the cost with an agent would end up far greater than a full-service property manager.The dream option would combine all accounting, bill pay, rent collection, provide eviction services, and maintenance coordination outside of normal hours.

Personally, if your market tends toward the former condition (better/normal appreciation) I think it's a fairly safe deal looking at the long term, assuming infrastructure around you continues to support the idea of renting it.

Oregon and WA made foreclosure rescue lease backs totally illegal.We did not have a problem on the lease back we did have to evict many within the first year but it was a normal eviction and we had enough juice in the deal to make it work.