There are lot of my own assumptions below, so please bear with my explanation and please feel free to correct me and your advice would be much appreciated. 

@Mike Dymski Sorry I didn’t explain my assumptions.

Hello all,I have been sitting on the sidelines the past three years and have regrettably avoided pulling the trigger due to the assumption that prices are wildly inflated and not wanting to buy at the peak. 

Are the occupancy #'s you're using in your assumptions accurate if it's actually pulling from on Lower Whitefish Lake or one of the other lake epicenters in the Brainerd market?

I would go in with the assumption that everything will need to be replaced or repainted and negotiate based on those repairs.

My assumption is shortly after closing, but based on some comments above (i.e. asbestos siding, buildings being too close) I wonder if I can get an insurance agent involved prior to closing. 

For the most part, your thoughts are coherent and true, however there are some assumptions being made that won't always hold true.

You're taking a big risk with this assumption.

The amount of assumptions you make is pretty dumbfounding, and if you think that I'm trying to sell people on just my strategy, maybe you should re-read your posts as well since, according to you, we're all idiots and should only invest in multifamily real estate, and at that, only super expensive multifamily real estate (which isn't an option for a lot of people).  

My assumption was similar on which banks will be willing to do that loan amount, so I'm targeting the smaller regional banks around me (already have one who handles our sfr and small mfh).