It will be very interesting to see how he navigates this especially if this metastasizes into a crisis. 

Especially with how the market is right now, learning how to navigate it will transcend your career.

Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members!

The last thing you want is to get over your head in rehab while navigating the process for the first time.

@Joseph JustesenHi Joseph, If you would like any assistance navigating the city of Mpls mechanical systems permit requirements let me know and we can chat further.

I have been spending rigorous hours looking at various OOS markets.

I have learned to navigate through most of the issues through trial and error with a complete business structure setup and functioning!  

Ideally, I would like to acquire the house at the low interest rate he currently enjoys.Here are some additional details:The house has an existing mortgage.He likely expects to sell for top dollar.He believes that selling would require him to move immediately.I'm open to allowing him to stay on the property rent-free for a period and then pay rent, as he did for me in the past.My overall goal is to house hack the property, potentially by converting the basement or adding an ADU in the yard.I would greatly appreciate any insights, suggestions, or experiences you can share to navigate this situation with minimal friction.

Any suggestions as to how to navigate this (check if it ever went through probate, if their are any heirs/beneficiaries that weren't notified and could potentially invalidate the sale, etc.)?

As I navigate the complexities of rehabbing a property, I find myself in need of creative ideas and innovative approaches to secure the necessary funding for this endeavor.I am reaching out to this community in the hope that some of you might have experience or knowledge in the realm of property rehabilitation financing.