About 6 months ago I purchased a foreclosure in one of the nicest neighborhoods in the city I live in.

The biggest difference though is the messaging.You're not a wholesaler.

Im planning on looking for a duplex to house hack in the Twin Cities, MN, and I was wondering if I should even bother looking into other loans?

Drive the city looking for dumpsters in yards.

I was born and raised for about 10 years just outside of Charm City. 

*Side note some policies may offer "Repair Cost" settlement which is a nice option that falls in the middle of RCV and ACV and may not require you to insure the dwelling at the full replacement cost estimate.For those outside the major Ohio cities you may have a small stroke hearing someone say to insure it for less than the full RCV.

My biggest concern is not having enough of a safety net for that second purchase. 

Since you’re already on BP, when you find a target market I would repost this question rephrased as “can anyone out there investing in city X recommend a great agent for an oos investor.”

@Joshua Feit my biggest tip would be to make sure all of your numbers work assuming you long term rent it i.e. don't rely only on STR revenue in your analysis. 

LAS COLINAS ASSOCIATION, IRVING CITY, DALLAS COUNTY, TEXAS.