Hi @Davinder Singh it really depends on your family's situation and lifestyle, your goals, and the difference in the deals available to you (duplex vs.

Normal hard money rates might be anywhere from 10-12% and a couple of points.

It normally take a minimum of about 5 days to process and fund a hard money loan.

No you can not use proceeds from a flip to doa  1031 exchange. 1031 exchange is for investment properties.A flip will be ordinary income taxed at your normal tax rate + self employment tax.

We typically buy the home we live in with a VA loan and don't normally put a down payment.   

I’ve found that College students are t really that much harder than a ‘normal’ tenant.

So when someone "converts" a hotel to an apt, they're normally just adding a small kitchen area. 

I purchased a rental property in 2018 that was a totally normal real estate transaction with no existing easements or irregularities mentioned.During the reno I found out that back in the 50's when the house was built, the city (presumably) had run the sewer line out of my back yard and tied it in with our neighbor's sewer line, and then run it out to the main line on a side street, rather than running each sewer line up to the main at the street our address is on.

It is no longer a couple or small family situation that normally books a 1 or 2 bedroom cabin, but rather an extended family, church group, other types of groups, etc... and just based on the different individuals schedule of all the parties included, it would be hard to do a lot of last minute booking I would think.  

Can't tell you much about Minnesota attorneys, but normally the best way to find someone is to contact the bar in the locality you're looking for, or to reach out to some agents in the area to see who is on their team.