There's a lot that can go wrong throughout a transaction and a good agent will do everything they can to not only negotiate for you, but limit your risk and keep you protected. 

It is my understanding that tenancy in Maine is 30 days or more so we limit short-term rentals to 25 days or less and require a lease be signed for anything 30 days or more.Last winter we had tenants for 5 months in one of our rental units.

Many other factors come into play, such as the rent/sq ft ratio (the higher the better) and whether it's in or outside of city limits (and city taxes).

I do not want to limit myself to deals in the local marketplace because my local marketplace is extremly competitive and expensive and I wish to go out of state to not limit my pool of deals.My question is: I set up a wyoming LLC (because everyone says its good for protection).

I ideally would like a property built with in the last 30 years but then this limits my search.

There is another similar loan called the home possible advantage that allows you to only put down 3%, and that one is limited to just one unit.

Why would you expect to get free education when you go into a career where you are responsible for managing Billions of dollars, multiple projects, analysis and execution from that analysis, manage rehab projects, etc...You don't need to spend any money to get this, but you will be limited in what you get in return. 

Hi, I'm new here and have a question.I have 8 rental units and have been using YNAB for accounting because I LOVE it for my personal finances, but its super limited on reporting so I have decided to try Quicken. 

(Presuming your lease has language that limits the amount of time a guest can stay.)

My knowledge of the market is very limited to non existent to be honest.