This person was in a position to know, but that does not automatically mean that it is true.

My capital is a little limited but anything 70K and below seems to be a good buy for me as far as going with a conventional or hard money

The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state!

We found out the sellers were highly motivated due to personal problems so we were able to negotiate some of the closing and we able to get into this house with little down.

What would happen if your investors choose to leave their money in, would the capital amount just go up?

Interest on that mortgage was a personal itemized deduction on Schedule A. 

I had finally landed a great job making great money but still barely getting by.

The reconstruction project is taking longer than expected, and I'm facing ongoing fees every month, despite being unable to use the property for rental or personal purposes.

The owner of the out of State should be your personal living trust. 

Personally, I'm also seeing a wide range of quotes now from different carriers.