Hello, I am looking for a Maine based attorney to handle a private mortgage contract. any recommendations?

Again just covering my bases...thanks

Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

You may also want to look into what Section 8's rates are if they will only pay a certain amount of rent based on bedroom count.

At least not based on what you wrote.

I had to learn how to guess how much value I could add to a property and base my guesses on facts.The journey was already hard because of the lack of experience and information at the start.

Based on you OP, I would consider keeping $50K in reserves in checking or savings account.

I know eXp has few fees, but they have a heft tech fee since they are a cloud-based national brokerage. 

Joanne There are insurance companies that will insure more than 10 properties on a personal umbrella but it can be tricky based on the companies providing the underlying insurance, the makeup of the portfolio, the state you're in, etc. 

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.