seeking commercial lenders in Maine for a multi family purchase

Their rational is that in multi family zones, if STRs are not banned, investors will convert LTRs to STRs and thus make the housing problem worse since there are not enough housing in LA.

I'm trying to identify a good area with reasonable multi-family inventory - are you finding a higher concentration of multifamily in a given area?  

We always  try to run through an escrow or 3rd party company to protect everyone.  

For you first larger multi-family property, I would focus on areas that have proved to have rent stability, overall low capital improvement requirements, and a record of property appreciation over simply going for a property that gives you the largest forecast returns.  

FHA does allow for this, but if it is a multi unit then you need to do 25% down.

These people will probably be renting apartment for a couple of years while they get their lives back on track, so maybe its a good time to buy multi-family homes in neighboring cities. 

@Patrick Buzzo  Is the property SFH or Multi?

Of course I will make errors but how do I minimize the downside and maximize the upsideWhat folks books videos are recommended to start this journey

JC was still very much transitioning when I bought, but I always preferred the creative vibe there versus the yuppy frat party in HB.