Ras,I have zero experience with vacation rentals in Door County, but this sounds like a great deal to me as well.

I got the gist of foreclosure auction here in my area, but I am still unsure of how I should estimate indoor repairs for foreclosures.

The ripple effect is broad reaching and yet to be felt.  

@John Blythe Sounds good, I am looking at a property in Broad Ripple now.

.- Brand new roof installed a couple weeks ago plus the indoor HVAC Unit and Hot Water Heater have both been replaced in the last 5 years, so major maintenance costs should be low for some time if nothing goes incredibly wrong.- This puts my cash need at basically 0 to acquire my "first investment" and the cap rate is about 17% depending on what numbers are used to assume monthly costs.I feel like if I saw this deal online, I'd think it was too good to be true and that I should make this my first income property.

And whether you belive it or not, it all causes chain reactions that ripple thru our economy.Enjoy!

the conditions are varied but majority of blds are classified as D bld and "high" crime neighborhoods high for maine not usa but some sporadic improvements are being realized around court house, canal by river, canal by rt 495, kennedy park, and ice arena by high school. outside this area is much safer and better quality overall conditions, neighborhoods esp near bates college, or closer to highway. more sfr and less multis.many use local long term experienced property management teams unless your strong experienced landlord with systems in place. i have rented too and be inside many lewiston buildings. some transplants have cultural programming like keeping or killing or processing livestock in apartments cupboards and trash accumulation is issue. i have dealt with many lewiston applicants and my experience many with high percent of eviction and or conviction history or both. most are limited by section 8 rules. many my tenants were on younger side, and many had mmj cards and smoke indoors. allow friends couch surf, but some are entrepreneurial but have wrong product. deals can be had. but don't scrimp on professional inspections, or onsite interviews. buildings can be fixed much easier than tenants can.be very careful of flipping single family homes in this tree block area. it wont likely be sold to live in homeowner but rented out by displaced local.

We recently purchased a duple with limited space for indoor washer/dryer hook ups.  

How did you solved it while maintaing and indoor temperature of 73 degrees in the hot weather?

The 4-car garage ceiling was over 18-foot high so he and his friends can play badminton indoor.