Here are some related MN state statutes which may help with some of your questions: https://www.revisor.mn.gov/statutes/cite/515B 

Still working on the execution, but I'm making progress in a number of areas - education, networking, and building RE related skill-sets.

Show a big bank your $400k in mutual funds and $300k in stocks and $250k in retirement, also that you don't have a bunch of rentals or self employment or landlord income, and will thus be easy to underwrite, and the big banks will stomp guts relative to anyone else.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

I find the most important thing when going through the rehab is to make sure you are not over improving the property relative to the other rentals you will be competing against.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

The property could use some updating but is in relatively good shape all around, and came with a 14 year long tenant on a yearly lease. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

My understanding is that HELOC is only a good idea if you pay it back in a relatively short time frame.

The 15% DP, would have wiped out my savings, however, I wasn't overly concerned as I do have a decent gig, relatively low expenses, a healthy amount of available credit and expected cash flow from another investment property in which I would start to re-build my savings.