While undergoing the compliance training I came across one of the prohibited outside activities for bank employees- "acting as a real estate sales person, broker, agent or engaged in buying and selling real estae except for primary and secondary residence".

I'd also toss in that you want to take a more active role in the community and that him selling this to you give you that chance.Sounds to me like this guy is going to value time and sense of community over dollars and cents...

I did an s-corp because all activity inside it is 'active' and I can establish a defined benefit retirement plan or solo 401k with it.  

But then again, haven't yet found an easy and quick route and I also know normal people like you and I with 15 or more active projects.

seeking commercial lenders in Maine for a multi family purchase

Today, you need to target heavy rehab projects, listings about to expire, those that went from pending back to active, or those with high days on market. 

I can't submit a "low" offer when the property is 30 days on the market because there is (with a competent realtor) too much activity.

less than a week but we typically get lots of activity.

If the deal is small enough and all investors can stay actively involved, you may be able to do a joint venture and keep your costs low.

Hi BP, I have a signed contract with a seller on a lease option deal for a property in Hamilton County, IN.  Looking for a mortgage broker with experience working with tenant buyers who could assist with vetting my TB...