I plan to purchase a small multi-family in southern Maine and to live in one of the units.

My Dad and Grandpa are mainly responsible for my interest.

I went from a response rate of almost 10% in Jan 2013 with 634 letter sent and two closed deals to where we are today, which is increasing our budget to 2500 letters monthly and a response rate of about 3% and only two closed deal in the past 6 months (though our increase in mailing mainly took place recently in Nov 2013).

I am looking around the North Houston/ Conroe Area mainly, but I've recently started to look a little further.ANY advice that any of you have, it would be greatly appreciated.

The main question I have is about searching public records before getting too invested in a property such as a Foreclosure.

We visit SW Maine every summer.

I would see if the agency can give a breakdown(unlikely) or break it down by component or number of liabilities you do have.

End-game possibilities to (a) put on the market to sell after 4 months refurb – could be worth $575K ARV and if sold quickly yield me a 30%+ cash on cash return, or (b) if soft buyer’s market then put out to rent, with projected 9% cap rate.My main questions:If I put in 90% of equity, what % of profits would be competitive?

(but maintenance should be low for the first few years) The main houses rent for 2200- 2500$ The basement: 800-1000$ The coach homes (Over the garage): 800 $ 3800- 4300$ per month Houses come with 3 kitchens with appliances, 3 w/d The city is not allowing anymore to be built at this time (Which is good) so the inventory is low and they don't come on the market too often.

A key component of flipping is being able to find distressed properties and I know inventory of distressed properties is evaporating.