Your opportunities will increase (choices of syndications) if you are accredited investor. 

State of Maine allows them 90 days since last time there to put a lien.

If town water, I close the main. 

My main question is, is it possible for me to have the property reassessed after a couple years and pull a loan on the equity to completely pay him off and just have bank become the only financier?

Typically net 100+ comments in the first day, usually about 25-30 messages, 6-8 applications and a couple solid choices. 

Liability insurance is necessary whether you own something personally, or in an entity, and that's where your main liability protection really stems from.

The property is in Southern Maine 30 minutes from Portland.I also called ServPro and they immediately sent someone out but he said he couldn't get me an estimate until Monday. 

There is no chance that someone who is stuck in their ways is going to completely change their tune about smoking in the unit no matter what they signed in a lease.I am not sure how things are in Maine, but here in Connecticut it is very hard to evict someone for something other than non-payment of rent.

Minutes from bus routes that connects to the train which connects to major parts of the city.Ideal Location - located in a mature neighborhood surrounded by several desirable schools.Near local amenities such as a shopping malls and leisure centers.Home setup is desirable - top level and potential legal basement for dual incomeHome is in rough shape and can add value to it (BRRRR method) which is what I want.Alley and Garage parking.Cons - Located on two main roadsThere is street parking in front of the home (2 lanes of traffic both ways). 

I've met some commercial brokers that mainly operate on a more 9-5 schedule because they just don't need to work weekends or after hours.