Although this was not the same property as she initially showed me, I saw a great property at a reasonable price, and heard from many that this is a popular area for short-term rentals.

The other option would to be buy a house in a more affordable and area out of state in a more popular real estate market.

I am looking to get pre-approved within the next couple of weeks and was curious about which lenders are popular in the area for conventional loans.

Adapted from a twitter thread, thought I  would share here:The BRRRR method of real estate investing (Buy ➡️Rehab➡️Rent➡️Refinance➡️Repeat) has become a popular strategy in recent years to maximize gains in investment real estatePopularized by David Greene of BiggerPockets and detailed in the excellent namesake book (https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat) it has been utilized by many investors to scale rapidly build great wealth through real estateWhat has made BRRRR so popular?

If the area is going to remain a popular tourist area and desirable to the people who live there, the price will probably go up and you can refinance and take some money out to get another property.

There are some great ideas and information being shared but its up to you as an individual to evaluate and determine the risk you are willing to endure with the funds you have available. 

Ruffner Mountain is a popular spot and it's entrance is 2 blocks up on the same street.

It's a growing market out there but not popular enough for a lot of cash buyers to flock to especially if the property requires work.  

Its becoming a popular tenant amenity as well 

Would love to get insights on where's good areas to rent for a first time mover in MN as a young single professional.I am landlord downtown Minneapolis (North Loop), you wont fine much in the $1,500 range, maybe some micro apartments that have become popular.