Maine and the 1% Rule
Current property investors in Maine, do you find that the 1% rule is a good indicator for our area considering the cost to heat and remove snow that is incurred during the winter months?
I've started casually browsing for properties and at current market valuations it appears most investment properties struggle to meet the 1% rule(probably why they are still on Zillow). I've been considering SFH since I really can't find great deals on duplexes. With SFH I can meet the 1% rule rather easy but heating expenses aren't shared between multiple doors. Hoping to purchase a property next spring/summer so really just in my homework phase