Or is it a scenario where the process is a little longer and more complex than a conventional mortgage/loan, this factor deters people from using it? 

Hi Richard, I'm fairly new to this game so I am hoping to learn something out of this too.I think your question may be difficult to answer given that there are a ton of factors that go into insurance. 

Factor that in as wellI'd like to think we're capable, but would hate to dive in and find out I'm wrong lol - You need to make highly calculated moves and be financially stable enough with 6 months of carrying costs for you personally as well as the home you're financing to flip/rent/etc. 

ok Maine landlords of commercial property.whats fair market rent source for commercial space in rural area of Maine?

Yes it's market and sunb market dependantSome areas a 1/1 might actually be desireable... for instance if thers a lot of young migrant worker class millenealsA 2/2 obv could be more desireable y young couples and married etc... a lot of other factors tooSo it's about truly knowing your market, comps, etc. 

Mainly I am thinking about if I should risk using 1031 exchange funds from the sale of one of my SFHs for a down payment or if I should wait until I have cash.

Just remember to factor in your purchase price, money costs, renovation costs, closing costs, etc. when doing your numbers.

From what I have read, investigating the principal (company) that is putting up the offer to invest in their project is one of the most important factors, along with making sure the information presented matches the investors' portfolio needs.

I would work out the other terms of the deal, mainly, what happens if you want to sell or get out of the contract 3 to 4 years down the road. 

Michael,Market's definition is dependent upon the population size in general, but you should also look at the supporting factors such as the infrastructure, job market, etc...