Does anyone have advice, experience and/or success with out of state investing in Minnesota?

Hi @Yona GanzThis website is a good starting point for figuring out areas for in-state and out of state investors.

Steady state, the property should generate about $12-13K in rental income monthly (I will likely live in the ADU to begin with, which would reduce the income of course).

I agree with others that state you should just try and negotiate perhaps a little lower price.

You don't have to look far to find the horror stories about turnkey companies and out of state buyers.

How will taxes work for each of us since we are in different states?

Real state sales is very tough as well. but if you put in the time early its get very good very fast.My wife in her early career was a single mother raising 3 daughters by herself.. now talk about hard.She was in a market of 50 to 75k homes back then.. she had to sell one a week and did do that for years. but very good at it determined and loved helping people find their homes. 

I'm moving out of state for work and really need the flexibility of being hands off without losing the opportunity to make changes. 

I'm writing an article about first-time jitters in real estate.

@Yinan Q. yup with a Partnership Agreement you would hold the deal as TIC as stated above, I would suggest you consult with the awesome @Scott Hildebrand about drawing up the Partnership agreement and perhaps talk to him about the ins and outs of TIC in Washington State