Contact Minnesota-based investors for guidance.Good luck!

Hey, that's a great question and definitely a smart one to ask when you're diving into the details of STR (short-term rental) investments.Let me break this down from both a tax and practical standpoint based on what I’ve seen with clients in similar situations.

Once the borrower makes the payment and provides a receipt, we can qualify them based on the updated rapid re-score.

Meanwhile if this is a single family home but is in an RM1 zoning district (as an example) you can usually get a use permit (number of units is based on the lot size).

I find as I finance BRRR folks and flippers over the years their estimated profits are normally very high and based on perfection.. 

Their rationale is based on Illinois law, where security deposits must be held in a separate account and accrue interest if held over 6 months.

But the smaller cabins are doing surprisingly well on rents and, given sales are based on rents, not surprisingly they are selling for good prices too.But new construction out here has come to a standstill. 

People have been asking this for years now, and based on that I would take a wild guess that the market there is oversaturated and over-regulated.... 

Typically they are over valued based on their comps they provide, so make sure to do your own comps.Also as you mention, I have had a lot better luck with realtors on pocket listings or just in conversations with them than I have had with wholesalers.

That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition.