But the idea of saving $10k a year in property taxes sure is appealing. 

Perhaps the ban will give people the idea that count officials are doing something about the problem.

If a suit isn't timely filed, the lien will fall off after the expiration of the statute of limitations. 

Aloha Jose, as many have mentioned based on the limited info you gave there shouldn’t be any issues finding a lot of lenders.

This factoring includes the presence of competent contractors who can limit unforeseen surprises and costs.Myth 2: They're Too Risky to Invest InThere is risk in any investment; however, distressed properties are not inherently riskier than any other real estate investment.

At least plan B does not sound a complete bad idea now.Thank you!

Good Morning,I recently moved to Maine from working overseas and am enthusiastic about the idea of flipping homes in the area!

First of all treating rental income as a hobby is a very bad idea. 

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

We are not large scale but we do own properties in multiple states and are aware of the limitation of a subjective line like "should have rented in a hot market".