Here's some basic info on the property:Asking price: $350kCurrent Gross Rent: $2600Landlord pays sewer/water at $150/month and trash at $64/month.Current owner flipped it 2 years ago so it has a brand new roof and windows, plus new appliances, granite counters, plumbing fixtures, etc.

Fix n Flip/wholesale will give you the quickest ROI, but also are time intensive and I know you mentioned you have an issue missing out on time with your kids.BRRRR/buy and hold are the best for long-term wealth-building, but you won't become an overnight success story with either of these methods.

They should also be able to explain their method and back it up with data.  

I'm also wondering what you all think the best method of paying for renovations is.

Always scope the plumbing as there are some bigger issues we still have not addressed.

What are some good areas in Minnesota to use the BRRRR method?

Personally the BRRRR method has worked well for me, it gives the option of getting your invested cash back, and you get the benefit of owning real estate which will pay you back in the end! 

Hello,My tenant has an outstanding expense for plumbing for which they owe me $300. 

If you reduce the price $18,000 for the roof, they may still come back and ask for new flooring, or updated plumbing, or whatever.

A house that was purchased for $8k in that kind of area, I would look really hard at the fundamentals - electric system, plumbing, framing, insulation, foundation, roof, mechanical systems - and pay less attention to fancy kitchens or bathrooms. 3.