Hi all, Would anyone on the forum happen to have a recommendation for a traditional  local/regional bank that is comfortable working with residential real estate investors in downeast Maine (as the locals refer to it)?

However, if they are comfortable with that assessment then I say go for it.  1% is damm hard to find in the Austin MSA, but not impossible.  

Still red tape but a definitive end game Pavlov law approach:Food, shelter, water, safety, comfort and I will throw in livelihood.Get your contract out and read it thoroughly.  

It’s something I was comfortable with, and confident in its rentability.

Hello fellow BP members - My "unfair advantage," has come along and I was left a chunk of money after a family member unfortunately passed away. I will have around 300k cash after liquidating all assets, etc. which sh...

Then what you're talking about is extremely, extremely expensive teardowns, with the so-called "missing middle" being put there to maximize the economic return, which means that you will have extremely expensive rent/buy condos/townhomes/2-3-4-plexs.California suffers from the perfect storm of stupid policies, bad street planning (that's actually getting worse), some real actual natural constraints to building, and receiving a massive local inflation hit from not only the Fed's money printing machine but also from overseas investors who also have monopoly money looking either a place to dump some cash or somewhere to have an anchor baby.

Ask around, get references, interview the lenders, and find one you are comfortable with who will not only lend you the money but also help mentor you along in the renovation process - if your lender is actively helping you to succeed then thats a great sign that they are trusted partner for the long term. 

If you're comfortable with the idea, you could also work with a syndicatior to get your toes wet in a locale with less capital risk than doing it solo.

I'm comfortable with crypto, your situation may be different.

If you are looking for a drastic change in rate, have them increase the deductible if you are comfortable with it.