So home is being sold for 1.2-1.6 in the same exact block.The 1.2 is usually home without updates, lets say you change everything into that house, you spend 100k.

@Rehaan KhanPlenty of very good real estate attorneys out there and especially good ones who will tell you you all the risk involved - which is why many shy away from many of the “creative” financing deals going on right now which are just unqualified buyers finding ways to buy a home and those attorneys do not want to be part of the lawsuits later on.

But I also know the market here is very competitive, and the medium home value is very high.

I totally agree the nursing home placement agent would want to vet the buyer.

@Keon Shoulars I raise rent to a small extent or larger extent depending on the tenant and market every year. 

While I’m sure MH Parks have there place - the homes themselves are viewed more as depreciating assets by lenders - more like cars, and less like real estate.  

Does anyone have a recommendation for a 2nd home or investment property loan in Maine?

These homes are all PAID for.

@Chuck WardCan you afford the home if it were conventional financing and you had to convert it to a long term rental?

Hi Jimmy, I am interested in purchasing a multi-family home in either Columbus and Cleveland.