Hi Alex,  Your advice feels like a breathe of fresh air. 

@Nick Seginowich I don’t know what the energy code is like where you are looking at the house, but pulling a permit for a full re-hab may trigger updating the insulation, air sealing, windows, etc to a higher efficiency (which can be costly).I would make sure to do your due diligence before pulling the trigger

I was off in Air Force Tech School and she found it walking by.

@Jordan BlackHard money and private money many times charge you interest only payments monthly, but it is all based on the terms they are offering.

@Caleb Jordan  That's interesting.

@Jordan Moorhead Very interesting discussion and hopefully Minneapolis doesn't follow California down this road. 

-I'll look into now.From the owners description, "the roof is new in 2019 and everything else is newer such as the furnaces, central air, water heater, kitchen, appliances, and bathrooms." 

I wouldn't do air bnb because the management has to be excellent to stay profitable.

Ideal property is as follows..            8-12 Unit, Landlord pays no utilities, garages, minimal lot size, not owned by a big corporation,                        mortgage at least half paid off, Forced air, Etc.                        

Rental rates in area don't support a BRRRR, possibly Air BNB, but a flip is the target.