@Evelyn Tilman the profit is too low and no guaranty one can check out 650.

Hey @Pete Mathias, you’re probably looking at a low C Class area but it varies quite a bit block by block so it’s tough to say with 100% certainty. 

Thank you @Anna Buffkin and @Brian GarrettI want to take advantage of the low fixed interest and 30 year term so I'm trying to avoid going commercial until I've surpassed 10 loans.

Little background on our location, we located in central Maine, not a hot market by any means but fixer upper properties are priced very low.

I will be retiring from my job soon (gotta love government employment) and will be taking a more active role in my properties than before and want to better organize what I have.  

Another option is cement, which can look amazing and is very low cost.

Good credit, proof of employment, good rental history with references, etc.

also if my income is low , but i have at least 6 months of payments in a savings would that also help ? 

Most require at least 20-25%.Your Vacancy is pretty low at 2%.

I have one friend I could approach about either partnering with me or making a hard money loan who might be able to make up the difference until I can mortgage it, but I also don't want to waste his time either and as I mentioned, I have low confidence in myself for this type of deal.