I'm looking to accelerate my purchasing and start raising money for faster acquisition. 

Advisory boards are generally more of a seed funded startup concept and I haven't really seen them used heavily in the real estate space.  

Born and raised in this lovely city.

Depending on your funding (cash reserves, equity, financing, etc) and your future plans, both methods are great.

Will a hard money loan let me rehab the home or how could I go about getting the funds to rehab it?

My question is more to the closing options in MN that has been suggested from differing answers that range from doing a simultaneous or double close to providing transactional funding or selling a LLC or Land Trust.

In order to get the down payment funds, I will take a loan out of 10k, which will give me a 176 monthly payment for 60 months (5 yrs).

Yep, there are definitely outfits that do that--you fund the rehab, have to wait for it, then wait for tenants, never mind the much increased risk in doing it that way--but there are plenty who do it how you want them to.

Realizing this type of rapid appreciation (or "forced equity" as some might call it) often requires a distressed or very poorly managed asset where a buyer can quickly and efficiently add value, raise NOI and convince a lender to finance the asset at the higher value.

I'm looking to learn a lot about selecting properties, estimating repair costs, minimizing tax impact (using retirement funds), estimating repaired resale value and another topics I come across that I need to know about before jumping in.