Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

ARV Potential: Where can we expect to achieve higher ARVs?

My ultimate goal is to build a portfolio of cash-flowing properties to achieve financial freedom.I’m currently seeking mentors who can guide me through this journey and help me avoid common pitfalls.

When you are creating notes from the start with the intent to sale, you can also consider a 1st/2nd structure that can help you achieve similar results as a partial but start getting cash flow sooner. 

What adds complexity to our plan, is that we live in Minnesota... ...How challenging is it to meet the material participation hours needed to achieve active status?..

It’s one of the few places where you can realistically achieve solid returns without needing a massive upfront investment.If you’re open to exploring other markets, Detroit might be worth considering.

I’ll also connect with locals through BiggerPockets or Facebook groups for first-hand insights.If visiting isn’t an option, lean on a reliable local team (agents, property managers) to help vet the area.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

Please feel free to reach out to discuss how we can collaborate to achieve successful outcomes.Looking forward to hearing from you!

Hi @Adam M VonfeldtCongratulations on your current rental property—that’s an incredible achievement!