Salem, Oregon multifamily/STR plan

[Eric Lee]

Hello all,

I am new to real estate investing but my situation is such that my significant other will have a home up in Vancouver, WA and my part-time job is located in Salem, OR. We are exploring the option of purchasing a multifamily unit or duplex in Salem where we can section of one of units to live in when I have to work in Salem but otherwise rent out the remainder of the unit as short-term. Is this a feasible plan and has anyone in the area done anything like this before?

I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out. Appreciate any insights you guys can offer!

[AJ Wong]

Quote from @Eric Lee:

Hello all,

I am new to real estate investing but my situation is such that my significant other will have a home up in Vancouver, WA and my part-time job is located in Salem, OR. We are exploring the option of purchasing a multifamily unit or duplex in Salem where we can section of one of units to live in when I have to work in Salem but otherwise rent out the remainder of the unit as short-term. Is this a feasible plan and has anyone in the area done anything like this before?

I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out. Appreciate any insights you guys can offer!

 Hi Eric, we just sold a Salem duplex nearby. I sent you a DM feel free to connect anytime!