Do you want to be in dense developed urban (such as Minneapolis), or surrounding urban (Bloomington, Richfield, Edina etc.) suburbs (Maple Grove / Plymouth) or semi-rural "path of progress" (Otsego, Monticello). 

If I understand correctly you'd be purchasing the land, and improving it and splitting it into the appropriate "buildable lots". 

Do you think that could lead to a price correction or just a plateau?

You are planning on buying cash flowing properties correct? 

What would be my best path going forward in the short term to obtain funding?

Starting small and scaling up is a tried-and-true path, and this community is filled with people who’ve walked that road and are eager to share their experiences.Feel free to ask questions, share your wins (and challenges), and tap into the collective knowledge here.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

So saying people can’t do the rehab or don’t have the money is not entirely correct.

I’d love to eventually have a portfolio of rental properties, so just trying to figure out the best path forward.

My experience has been that this is absolutely correct.