It's good that you are interested in Minneapolis since around 2/3 of all 2-4 unit transactions in the twin cities are in Minneapolis.If you want to meet other investors I recommend in-person meetups.

The reason I say this is  a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.

When it comes to rentals it effects the rent pricing and how competitive an area can be.

Florida specific, and aome other areas----Perhaps an over looked dinstinction:  I, as an agent (or a non agent) can pay a referral fee for a Lead, but it can Not be dependent upon whether a sales transaction occurs.  

I can’t see how to BRRRR effectively with these properties.

Hi @Loren Cota - I just wrapped up a wholesale transaction on the Big Island yesterday north of Kona.

The "seller" never transferred title and the in-place loan remained in effect.

I'm curious about the amount of seller financed properties being transacted in the area?

This is because the agreement obligates you to work with them on any transactions within that period.2.

In most cases, they learn of the transaction only when a Certificate of Occupancy (CO) application or a permit is submitted for repairs or inspections. 3.