If the problem is a matter of not wanting "urgent calls at 9pm Friday" it might be just worth hiring a property manager.You could 1031 into a commercial property which would be less management intensive (although generally riskier as they're harder to lease).

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

The workmanship of the remodel was hit and miss.

I see a lot of newer investors getting into the market thinking flipping houses is easy money.

My goal would be to purchase the property, make cosmetic upgrades to the lower unit (3BR/1BA) and get that rented out ASAP so I can get some income going while I finish up larger projects like the roof and upgrading the upper unit. 

Personally if it is generating $110k cash flow whether before or after taxes, I would just sit in it.  

I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

@Sam Rubenzer there is no 1 universal in Mpls, and any saying they can/do do all/any PM in Mpls is just a declaration of not being all too good at any of them. 

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

The reality is real estate isn’t just about appreciation and cash flow—it’s also about survival when things go south.Many new investors operate on razor-thin margins, believing that rental income will always cover their expenses.