Let me know if you will be in the area and we can meet up.There is also a meetup that happens monthly in the Southern Maine area, usually an evening around 6pm, that you would be welcome to attend.

I spoke to Agents in the area and I was told that people that come to buy in the area usually like to fix it themselves. 

Usually cost around $175 in my area and this will extend the life of the equipment. 

Good multifamily properties in the area are expensive, with incredibly high taxes, while the "deals" to be had are in the slums, where no quality renters would usually consider renting.Any advice?

The bathroom is usually best set up with a no-threshold walk-in shower stall.

To reiterate, I usually recommend investors like you buy less than perfect properties that already have tenants in them at a discounted price if they don't want to buy turn key.

So a three family is usually around $10k, however, I'm less expensive than most so if you're negotiating a purchase double that number to $5k per unit.

We usually do our construction without a general contractor and just GC it ourselves.   

Opting for a custodian on a Solo 401k plan unnecessarily inserts a middleman that usually slows transaction times and increases your overall costs.

If I do not desire the tenant or he does not want the increased rent I look for a new tenant for the rehabbed unit.  6) I move into the not rehabbed unit and start rehabbing it.  7) when I am done rehabbing it I refinance it pulling out hopefully all of my invested money (using contractors I usually get my down and part of my rehab cost but if you are doing much of the work yourself I think you may be able to get out all of your invested money 8) Use all that knowledge you have obtained to do it again with less mistakes trying for that homerun investment (I think most experienced So Cal RE investors have the Homerun deal: the type of deal you can potentially retire on).Here is also something you may not know: Commercial RE loans (5+ units) are more based on the numbers of the property than the numbers of the investor.