Is it safe to wait and see what the rates change too after the 3 year period.

Maine has a 15 day grace period.

Using the gift tax exclusion will not be helpful because he will be reimbursing the LLC over a short time.

Also make sure you take into account your insurance costs, if they are monthly or you pay per 3 or 6 month period. 

Seeing as how I probably wouldn't be able to sell the property with the added 2beds + 1 bath without digging down -- a cost we're not willing to sink into this property yet -- it seems like just adding the stairs without permits (but up to code) is the way to go in the short term, just so we can at least get to the basement without having to go outside.

That far outpaces Cumberland's growth of about 75% over the same period.

Offers can be less than the current mortgage payoff, otherwise known as a Short Sale.What equation are you using?  

I have several off-market rental properties coming into inventory shortly, so I'd love to hear about what you're specifically looking for.

Life is too short...

We really do not want to have to live in the residence for a set period of time before we can flip.