I have chosen to use other means of financing for this deal, mainly because - for me - there are too many unknowns and I do not invest in what I do not understand.

Right on Main St/Rt 20 near where it meets Moody St.Also did online CEs with them as well that were good and pretty user friendly.

I recommend going with a specialist attorney.Typically we don't have to deal with it because we mainly do flips, but sometimes we pick up auction properties that require an eviction.

The issue is buy, fix, sell.Leverage however, can cause UDFI, in which case depreciation is allowed against that.So leveraged real estate is a nice feature inside of an IRA.

That is really the main reason we don't have much in the way of savings.

The main house is divided into two.

One of the main advantages I see would be that I could have say 4 properties if I could find 75% financing and achieve a higher return (I am looking a long term wealth compared to current cash flow) AND I would have quadruple the appreciation.From a legal perspective, I will let others chime in.

I plan to purchase a small multi-family in southern Maine and to live in one of the units.

My Dad and Grandpa are mainly responsible for my interest.

I went from a response rate of almost 10% in Jan 2013 with 634 letter sent and two closed deals to where we are today, which is increasing our budget to 2500 letters monthly and a response rate of about 3% and only two closed deal in the past 6 months (though our increase in mailing mainly took place recently in Nov 2013).