What should I consider about the purchase price, interest rate, and other terms? 

On these we are targeting g loans even we wouldn’t normally consider; EXCEPT for the fact that we are receiving so much collateral that we end up at 35% LTV or less.  

Consider hiring a Property Manager to manage out of state properties.

I showed the house to a mentor of mine and said that I was considering purchasing it.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Hey Aaron, have you considered a commercial mortgage from a local bank like First National or Bangor Savings Bank? 

@Brandon Bell, a few things to consider:1.

In return, you'd earn interest on your loan without the responsibility of property ownership.Diversify in Other Asset Classes: Since you’ve had success with stocks, you might want to consider diversifying further into things like bonds, index funds, or even crypto, depending on your risk tolerance.As for the parking lot idea, it could be worth researching the market demand in your area.

Leverage your construction skills for flips, start with smaller projects to minimize risk, and consider house hacking or long-term rentals for a steady income.

I spoke with State Farm, but they require plumbing and electrical panel upgrades just to consider reviewing my application.