If Buyer chooses to seek financing, Buyer may do so at Buyer’s sole risk and expense by submitting a mortgage application to a mortgage lender or mortgage broker within five business days from the date of this Agreement, but the failure to apply for or secure financing in the amount or time or terms desired by Buyer shall not excuse Buyer from timely performance of all obligations under this Agreement.

I'm not familiar with state laws in MN, but as far as I'm aware it is not a HOA Super Lien state so my aforementioned statement most likely applies.  

Flipping is a business, and when a tax-exempt entity engages in a business on a regular or repeated basis, then taxation known as UBIT applies. 

You need to make sure you are using contracts that apply to Louisiana, especially since Louisiana law differs. 

Late fees apply as of a certain date, once reached never excuse the fee.

So attempting to make this my first investment in my BRRRR Strategy and the fact that I can apply for a 301k loan if what I mentioned is accurate then this might be a great opportunity for me.

Glad to hear that it is totally normal sometimes to have just one person apply and qualify. 

Can the BRRRR method be applied to small businesses?

I do have lenders that will give you a line of credit against your investment portfolio, but usually you have to have 4 homes or more and if they are not paid off... they will pay them off and apply the balance to the LOC to ensure that they are in the first position lien.

., multiple site visits on an anonymous basis), apply analytical stress testing to pro forma financials and avoid certain categories of properties altogether (Senior Housing, Oil & Gas, etc) to ensure that all underlying properties held by the respective DSTs are prudent investments for folks who are not experts in making risk assessments for these larger operations.