The MN New Construction Statutory Warranties are outlined here: https://www.revisor.mn.gov/statutes/cite/327A.02

Thanks again :) DSCR and hard money are only going to be for investment properties for the reason I outline above.

HOA has a Reserve Study outlining $400,000 in outstanding work that needs to be done between the two buildings and property.

Does any have a source or an outline of steps needed to be taken?

The principles outlined can help you create your systems/processes.

It should outline specifically what will happen if specific decisions are made and who is entitled to the earnest money.

And for that, they will be getting the full commission as outlined on the MLS.So, you want to look out of state without an agent and think you are going to make a good deal? 

I have outlined three important issues to consider when purchasing a multi-family property. 1.ZONING: IS THE PROPERTY A LEGAL MULTI-FAMILY PROPERTY?

Your dedication to optimizing your assets is commendable, and it's essential to explore options that align with your goals.Each of the options you've outlined presents opportunities to leverage your resources effectively.

The contract doesn't outline the process for termination at this early stage though, again, it's my lesson to learn, I will be wiser and more careful about this the next time I sign a contract with any PM!