They both have extensive experience in Duluth.Thanks for the mention @Tim Swierczek.

Now that is taken care of; time to address the renter's insurance.As mentioned by someone above, you can be listed on the policy as insured or interested party.  

We've had reports of folks waiting hours each day just to receive a pass to enter residential streets, which is enormously frustrating when our sole priority is helping the community rebuild as quickly as possible.As for your comment about finding excuses already not to cover something, can you send me an email directly or a DM on that?

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

Not to mention, they probably won't want to admit it if a building they manage is in really bad condition.If you're serious about buying you should first talk to fellow investors and define your buy box.

Someone with a license will chime in after I mention MN realtor but as I recall you need a license to be a property manager.From a practical standpoint - if you dad is going to "help you out" while you are out of town I can't see you getting in any trouble. 

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.

You mention having a mentor.

When you mentioned selling and other investors being involved.

It's worth mentioning I also require tenants to have their own renters insurance policy with at least 100k minimum liability.