Are there certain things we should plan or consider before we start? 

I plan on getting the other one added soon.

Due to planned changes in my families income situation, I need to shift my strategy.

Just trying to make sure it isn't called due right away or in the middle of the term as then we'd be scrambling to figure out how to pay it off when we both agreed to be on a payment plan until the balloon payment at the end is due.Seller finance makes sense in where I'd essentially be the lender collecting monthly payments until due.

If the deal still looks decent in a worst case scenario you can feel more confident in going forward because many things things don't go as planned.

I would always factor in PM even if you plan to manage yourself.You can still ask for a copy of the m2m lease to verify rental amount and what might be covered in that.

Are you planning on doing BRRRR in Minnesota or looking for longer distance markets? 

If you plan to take down the property, rehab it, then refinance to hold it long term, the 100% financing is a hinderance for the refi.  

Then start the painful process of trying to notifying, move/store and auction off the abandoned property.I've thoroughly researched the SB1079 laws and qualify as a prospective owner/occupant since we honestly plan to use the home as our primary residence.I guess my primary question is, is there anything I seem to be missing and need to look into?

@Audrey SommerAre you planning to self manage?