He purchased the home for $63,000 and put $20,000 into a light rehab.

This means 20-25% for a down payment, and it has to be your money that you're using (verifiably in an account that belongs to you).Though there are programs that lend up to 90/100 to first-time investors, those programs usually don't work in Maine due to the rural nature.

They were very light and didn't last long. 

I MOVE AT THE SPEED OF LIGHT AND PEOPLE ARE MORE LAID BACK IN OHIO.

(I don’t do STR deals so my comments are more about long term buy and hold residential RE.)Data by its nature is historical - it’s a lagging indicator. 4 years ago the Southeast was the place to be.

LIke she will talk to her client  ( Hey client i just found the home your going to buy) Not ask them what they think you have to be able to actually sell and this is a skill that some have naturally but it can be taught and boy it can be tough to teach as many just don t have the personality.

. 🧐  My son is a natural entrepreneur.  

Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.

The property is undergoing a light rehab (new paint, new LVP flooring, new toilets, new kitchen, new vanities etc).

We can discuss the finances on this purchase (I will be up close to $1m on this after this rehab from 3 sources: 1) purchased below retail 2) value add 3) natural appreciation).