If you decide to go the accountant/CPA route be sure to ask up front how much it will cost.

If the city decides to enforce inspections later and your property isn’t compliant, you may need to make costly updates to bring it up to code.It ultimately comes down to your risk tolerance.

Instead of refinancing our portfolio, decided to sell our holdings that were out of state to capitalize on the stellar appreciation.

@Jade Frank I agree with what @Dominic Mazzarella and others are saying here, but If you find the downside outweighs the gain and you ultimately decide to sell the property, Since the property was held for investment use it would qualify for a 1031 exchange. 

If you do decide on MN, did a similar analysis as you a few months back in St Paul with rent-to-price ratios based on median price and median rents for each neighborhood in St Paul.

If you decide to keep, you can always change your mind.  

If you ever decided to sell the building but keep operating the business, it makes it much easier.

I ending up burning some money for the things you described (NAR membership, brokerage fees, quarterly MLS charges, etc), just a lot of things I found I wasn't getting any value from, I decided to simply put it on full stop and take a year to really reallocate and figure out what I needed to do.

Here’s what I know so far:My father-in-law is offering to finance the property purchase, but I’m still clarifying whether that means 100% financing or if he expects a down payment.We haven't yet decided whether to purchase as individuals or through an LLC.I’m also in the process of discussing the specific terms with him (monthly payments, amortization, balloon payment, etc.).Could you share any advice or insights on what deal structure might work best in a scenario like this?

They liked my offer and the rapport I built with them and decided they wanted to sell to me even though another offer was higher.