. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.

Expenses include utilities, maintenance (3-5% of rental income), and capital expenditures (3-5% of rental income), and vacancy.

If this is a MN lease you must do a new lease as the regulations and requirements for a lease changed significantly Jan 2024, so you'd need to confirm your compliant with new lease requirements. 

I’ll be able to do all the things we, as OOS investors, always look for when we have turnover or maintenance issues.

I've found that adding local neighborhoods and roadways and giving a brief overview of requirements/availability can really help attract people to a listing.

@Michael Whiting,To proceed with a 1031 on your portfolio of rentals, you need to partner with a Qualified Intermediary to act as your 1031 accommodator (the IRS requires this). 

My investment approach required fixers with good value add potential.  

New construction codes would require the construction of a house that is more resistant to high winds and will have a new roof.   

Do you know if they have a requirement for sourced and seasoned fund verification?

I see you did add things like closing costs, maintenance expense, and a more realistic vacancy rate.But your analysis is still problematic:1.