Maybe in the future we can connect so I can learn a little more. 

Our future conversion will be about 8 min from the beach. 

The article, mentions a household would need at least $114k to afford a median priced home ($420,000 as of writing).

I would look at the ROE differences between what you can make now by selling, including the yield on that lump sum if reinvested in the current market conditions, versus what the property will be worth at a point in the future (5 years, 10 years, etc).

RE is not a magical business that prints money no matter what.

I am located out of Minnesota and am interested in beginning my career or future as a landlord. main points 1. houses are for like 350,000 - 425,000 in Minnesota with rent from 1,800 - 3,300 so if I get a property for 415,000 with about 5,000 in rehab and rent for about 3,000 is this a good deal and how do I know what a good deal is?

If the rent is deposited into your account then you have accepted payment.I use apartments.com and zillow to handle payments - they allow you to block payments.This won't help you this time but in the future your lease should specify how they are allowed to pay rent, specify payment options that give you control over the payment.

Your home will be reappraised after the rehab for this refinance and may increase in value enough that it may make sense to cash-out-refinance or HELOC the property to rehab your next investment property🏘️the larger lot distressed property may open up additional opportunities to you via EHB 1337 and future associated ADU/DADU opportunities.I bought my first distressed investment property the first year out of college (duplex in Bremerton for $350k), then bought a second turn-key estate sale (~$200k SFH in North Carolina).

I am an aspiring RE agent and investor.

However, in the future I would like to become remote to look for properties in north and Central FL as well as out-of-state.