Property is listed for $400k(Town assessment is 400k), owner is willing to negotiate if it's a cash offer.

Most are frozen during the winter.I can't say much about the opportunities in northern Maine, except to say it's not exactly a hotbed of progress. 

Look into options to rollover into amortized payback or growth.Offer long term retirement funds that look similar to mortgage amortization schedules.Explore options to donate portions of the interest gained to provide community support to help rehab homes with people who need help, but can’t afford it.Create regularly updated, highly visual progress reports for the various remodel/ renovation projects.

I would love to find a good MFR or SFH that will provide me with cash flow, but I haven't gotten the best pipeline built for deals yet so that's a work in progress!

Just keep on networking and broadcasting your progress on BP.

Hi @Kevin Padula,To answer your initial question, no, 1997 is not too old to successfully run a profitable rental until you're ready to move in down the road, but it's important to do you research before purchasing.A great way to gauge future expenses for existing condos is to look at their past assessment history, and the history of those around it that may be a bit older. 

I don't like the rules, lack of available financing should you decide to sell, 'surprise' assessments that the association springs on you and could hold up repairs and the ability to sell should the association decide not to make repairs.

The condo board issues a special assessment? 

Congrats on your progress and I really appreciate you sharing your story, I know thats not easy.Good luck on your apartment, looking forward to hearing how it goes but I'm sure you'll be doing a "VICTORY LAP" - Mike 

There does appear to be traffic impact and environmental impact assessments needed.