Would love to hear from those with experience in this approach to share their insight and past deals.  

Defaulting to something like 80/20 (building/land) could be a good approach, but you need to modify it depending on location.

I would definitely approach it with caution.

Is there good way to approach this or is there alternatives to this method?

Good afternoon, looking for my first property in this crazy, (exciting), time.I have been looking for wholesalers to approached about getting a property from them, yet all that I am finding is how to become a wholesaler. 

I think that's probably the best method for the low money down approach.   

Owner occupancy requirements for this loan is (Typically) 12 months, which I am fast approaching.

The best practices approach is to have you act as the bank. 

You could also consider having more like 4-6 ads running at once with different approaches on each.

Anyways, I am looking for anyone in the Twin Cities Metro area of Minnesota to network with regarding experiences with rental properties, buy and holds, fix and flips, etc and the methods to procure those properties within the state of Minnesota.