Info On Property:- $260k- 10 Acres, wooded lot/old growth w/pines, mostly flat, dirt road access, in between two devolved lots- Just over a mile from a classic Maine beach, in a beautiful coastal area close to many beaches and Portland, ME- HOA allows 1 dwelling, no subdivisions.- Neaby homes sell for around  $600k, and towards $1M- Property on the market for over a yearQuestions:What’s a good way to organize thoughts on a deal that goes from wooded lot to selling the home?

Hello BiggerPockets I will be moving to Maine (Portland Area) at the end of this year.

@Jay Helms I stand up during the members part of our monthly in-person REIA meetings, and announce that I'm happy to talk to, or have coffee with, anyone who wants to talk about real estate.And then, because of that and the fact that some folks recognize me from posting on BP, I usually have a ton of people come up to me during the break and after the main meeting.To be honest, it's exhausting, and sometimes I head to the bathroom just to hide for a few minutes before I can deal with The Crowd.

My main concern, as this will be out of state, is to not get ripped off by contractors and understand what needs to be rehabbed in order to improve the value and how to even estimate ARV accurately.

This property stood out to me mainly because of the purchase vs rent ratio.

I have built a website tested one fb campaign that didn't have much success mainly because I was learning how to use it for the first time and have no idea what I am doing except for watching YouTube University - (I did not advertise as thoroughly as I should have with updating all the fb page info also) and have posted on craigslist and received one call from a non motivated seller looking to just get an evaluation of his property's worth.

For example, let's assume that the 'wholesaler' promised the elderly folks in your example that they could close in two weeks all-cash, and that this 'wholesaler' does not actually have the cash or anyone that's committed to buying 123 Main St at the time the promise was made.

-There is a 1200sqft unit on the main floor and 2x 600sqft units upstairs-There are two furnaces and two thermostats, but both thermostats are on the main floor, and the furnaces/ducting are split side to side. 

The main advantage to that is the house will step up in cost-basis when my uncle and dad get it.

Most of the time you can't purchase a property with Fannie/Freddie money mainly because they take too long to close.