Info On Property:- $260k- 10 Acres, wooded lot/old growth w/pines, mostly flat, dirt road access, in between two devolved lots- Just over a mile from a classic Maine beach, in a beautiful coastal area close to many beaches and Portland, ME- HOA allows 1 dwelling, no subdivisions.- Neaby homes sell for around  $600k, and towards $1M- Property on the market for over a yearQuestions:What’s a good way to organize thoughts on a deal that goes from wooded lot to selling the home?

As for liability, get rock-solid insurance to protect yourself.

For the commercial stuff, they will just want you to use your LLC and have at least one house in LLC, if possible to make the loan look better or more solid for when they sell it off to the secondary market, or just for their peace of mine, if they keep it in-house (this is my impression, as I'm not a loan officer or commercial lender). 

There are brown or black specs on the beams of my crawl space, any idea what these are?

Finding good solid contractors can be tricky, but it can be done.

I got into a partnership with a friend while in law school and it helped pay for my education, but at the end of it I realized how fortunate I was with a good partner and solid investment.

As long as you’ve done your numbers right and plugged all the correct precautions into your portfolio, a deal is a deal if the numbers are solid.  

If I have all low interest debt and feel like I can get a higher return if money was invested, I wouldn't pay off anything, but use that money in something I can easily get it out in the event of need1/4 into a hands off, no labor investment... for me it would probably be peer to peer lending... with small amounts in multiple loans to spread the risk... returns are solid and I appreciate the service they provide1/4 into a value add multifamily... in the midwest you can find a great cash flowing property with lots of equity for this much money1/4 I would park and not touch... put it in a high yield savings account... yeah, I know, not doing much for me, but I believe in the bird in hand..... 

I'd slap a wood one up on 'my side'.My biggest issue is what @Matthew Paul mentions, too. 

Purchase price: $23,000 Cash invested: $45,000 Sale price: $119,000 One of our recent home flips, which net a solid profit to the owner.