Its a pleasure to provide professional property management and real estate information.

I am not a STR specialist in southern Maine, but I can connect you with a management company that is and would be able to give a more exact guess.

@Billy Farley we manage almost 700 doors in Metro Detroit, about 300 in City of Detroit, almost 100 S8 leases.So, PM us if you'd like to chat about S8:)

One may require a property managent fee to be included in the expense ratio whereas another may not.

I currently manage dozens of homes with septics and have bought/sold dozens more.

If it's for rent, absolutely the property should be on AirBnb & VRBO, an experienced short term rental property manager could go a long way.  

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

The biggest hurdles, obstacles, and challenges in life that limit your belief and mental structure in no particular order:1)Thinking where you start is where you finish.2)People resting or stopping in the middle, not at the end. 3)Prioritizing instant gratification rather than delayed gratification4)The controversial mark twain  quote or not quote--It ain't what you don't know that gets you in trouble, it's what you know that ain't so.5) The lack of an ability to move on.6) Not appreciating the power of delegation.There's probably 2-3 others I am missing, but over time these have rang so true in any instance I have faced in life.

The bank protects you by disbursing payments to the contractor ONLY when certain milestones in the project have been reached.If you're looking to pay for the rehab out of pocket AND want to manage the project yourself, J Scott's books provide a great manual.

You'll get an idea of the rate, the down payment required, do they want an experienced manager to make the loan fundable at close- where would you get this person is it you?