Some government officials have called this unconstitutional.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Nobody ever went broke over a duplex, I know this now,  but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). 

Looking to see if there is an interest in the community for this.Thank You Hey Manny, I'd love to get on a zoom call with you.

It's called land of 10,000 lakes but MN has closer to 11,500 and that just lakes of 10acres+.

Mind if I give you a call?

I would call the local conservation district and ask for references for foresters, and timber harvesters.

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

Shoot me an email or a call.

Finally, pick up the phone and call any similar complex to yours and see what they're chargingGino