My bank already approved me at 7.49%, which is quite high, but manageable.I like the idea of using hard money to close quickly and then refinancing later, but my main concern is speed , I’d need a lender who can move fast to secure the deal before the seller changes their mind.Appreciate your insights!

What are your goals for this property (e.g. why are you getting into this)?  

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

If you did not move there what would it rent for? 

A few others have me mentioned other rust belt cities reviving because of cheaper housing prices, rising rents, and new business moving in.  

Deposits will not be returned (full or partial) until all tenants move out.If Tenant A didn’t come to you to get part of the deposit back they may have gone to tenant B, but they most likely walked away from it and I feel it is between tenant A and B to sort it out.Personally I would return it to tenant B, the active tenant in the current active contract.

No one (ask the people who had to move out of their home due to insurance costs) is predicting insurance costs doubling, tripling in 2-3 years.

I got sick of it one night and told my landlord I will be moving out in 3 months.

@Nate Pharmer-Eden great goals!

Try to move every year to a new small multiFamily.