If you have not already been told of the Real estate groups they are:South Dakota Real Estate Investment Association:https://www.facebook.com/SDREIA/South Dakota Real Estate Investment Club(combining with above group):https://www.facebook.com/SiouxFallsREIC/South Dakota Multi Housing Association:https://www.facebook.com/SDMultiHousingAssociation/There are others but these are a good place to start.

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It combines personal finance by taking psychology and behavior into account. 

You can also do a combination of the two.$250 Non-refundable fee:  This appears to be a general fee at move-in. 

I would find a private money lender or a cash partner, combine our resources, and purchase a solid value add property with good cash flow potential.  

The purchase price, combined with the low downpayment, will make it impossible to have positive cashflow unless you can get significantly more I rent that you have proposed.How do you plan on BRRRRing in this situation?

My question is, am I able to combine the two?

But to answer your question, it’s a combination of your engineer/architect and the city building department. 

This being said, most HM lenders will usually only lend up to 70%-75% of the ARV (both asking price and rehab budget combined), have you put some analysis into what your property would be worth after repair? 

On the other hand, you could buy this with a combination of institutional financing and Owner carry.