I am shocked if you had an Someone who specializes in security laws review that and say that this is ok to solicit non-accredited investors to pool money and play a passive role.

In my opinion, the ends of the market may suffer, but that's not where I play anyway.

@Fan Bi“Back of the envelope” numbers don’t play well in Central Maine in my experience.

It doesn't bode as well for appreciation plays but provides relative stability in recessionary periods.

@Tyler Kavan you didn't happen to play football at Morningside, did you? 

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Shop around and don't be afraid to play the lenders off of each other.

Instead of playing the google game and hoping for the best, I’m hoping to connect with some local investors to see if someone could get me in touch with a contractor that they’ve good experiences with.

The investors that looked at the property may be looking at it to flip whereas you will be looking for a long term cash flow play. 

Cash flow can be divided in many ways, and those two factors play a huge role in my view.