The buildings we invested into so far have been built in the 1800's.

Still looking to build my core four to hit the ground running in this promising market!

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

New build maybe a bit aggressive getting into real estate unless you have a builder as a partner in a deal to see the full steps or stages that go into new builds.Why new build?

It's been a very, very bumpy road to be under contract - and past the due dilligence period - on a new build we are purchasing with the intent to use it as a STR (and some personal use).

The building was vacant as we are remodeling the first floor and had just finished painting the 2nd and 3rd floors and were in the process of qualifying tenants to move in the following week. 

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

From the assessor's site, the land-use records show that the encroaching property owner has only been paying taxes for their plotted land, while the subject property has been paying the taxes for land on which the other’s building partially sits.

I know of only one building that allows Mid-Term Rental 1 month or longer.   

I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit.