My main focus is on single family homes.

Or invest in main road frontage not in rentals defined to subdivison, anti main drag minimums that never have the opportunity for other property pursuits

And don't forget about the inevitable 'glitches' like water main or HVAC replacement you weren't planning on.

It fit my goal for the first property which was to learn the house buying process by buying something move-in ready that I didn't have to do any interior work on (all the main capital equipment has been replaced in the past few years) since I travel every week. 

That’s the main benefit from pooling our money together, the fact that we can get access to deals that the average real estate investor can’t secure due to lack of funding. 

Purchase price: $185,000 Cash invested: $106,000 Sale price: $394,100 complete interior renovation, merged two bedrooms to create master suite and vaulted ceiling, opened main floor so living, dining, kitchen and foyer all connect, in floor radiant heat (important on lower levels in Wisconsin) and custom vanities and tile in baths.

“He who asks is a fool for five minutes, but he who does not ask remains a fool forever.”Sorry if it is coming off as Dumb or silly but I mainly ask questions to LEARN and engage with the community of investors My statement was playful, yes I would contact lawyer if I needed one.

As a beginner I prefer to buy rental units within 20 miles from my house since I prefer to manage it myself for now and I'm quite handy as well:).I saw 2 legal multifamily rental unit on the main road, good location in Nassau county long island NY currently vacant.

Maybe someone can recommend a local real estate networking meeting where i can meet folks in area of southern Maine?

Central heatIf you must choose only 2 to focus on for you property I would say 1 and 2 should be your main priority.