Typically its 20-25% down.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I know many operators in Maine.

In the subject to contract, there would be a small down payment provided and then a typical amortization schedule afterward.

If we have turned the unit in the past five years, then we can typically get it done for under $1,000.

The rent is typically 1.5x that of long term rentals. 

They sell these all the time.Just be aware they typically want 80% of FMV for the assets though and you still need to foreclose. 

Developers do well because they typically are not building one or two units.  

Typically you will want local credit unions, small banks (not the Chase's or Bank of America's), google private lenders, etc.  

I typically start at $4.50 an hour and I have onbourding for them as well as conference calls every other week.