If anything I think a downturn and people losing jobs will increase the demand for my 750-1000 rental prices.When it comes to banks calling your notes due....that is kind of a concern I would have.

Basically, after paying agent commissions and other miscellaneous cost (roughly 8%), along with paying of the mortgage balance, I would pocket close to $350k, tax free.Stick to the rental long term with a great cash flow of $750/month and take advantage of all the tax deductions and depreciation, while the renters are paying off my rental slowly.Please note, I don't need money at the moment and don't have any other investment vehicles that will generate a guaranteed 8-10% growth to my investment. 

However, I'm still learning which words to avoid when it comes to real estate, so, duly noted!

Have an attorney create a Wrap (it's a note with deed of trust) for each property.

I would look for something that you can turn into a 3 unit or 4 unit but a duplex may work at least initially — a shell is totally OK (and may be preferred) if you have the budget to renovate (note that you may be able to find a construction loan with as little as 3.5% down although you’ll need to run the numbers to see whether it will work for you).If the answer to the first question is no (or the answer to the first question is yes and the answer to the second question is no), then don’t invest in LA because you are likely able to get better cash flow elsewhere to offset your current housing costs.

Would that just be money out of my pocket or would that be some kind of note.

And of course greed had a big part in this greed on the part of the investors we were in a 1% interest rate or less at banks and these guys were offering 15 to 20% interest on notes.. 

If you're going to continue to seek properties in Maine, I'd suggest making a note to check their website every so often.

You buy now and in 30 years, when your note is paid off, your property will almost certainly have increased in value even though we will likely have at least 2 recessions in that time frame.

** Note: HELOC against investment property not primary residene **Thanks