Why the restriction on 20 units? Just because of purchase price or for other reasons? I come across multi units bigger in other markets though, I'll pass it on if I come across any in the Portland area as well
@Christine Kwasny, Have you started looking into financing yet? A 4-plex is considered a residential loan where anything above that is considered a commercial loan, and you should be aware of the differences in acquiring both types of loans. Check out this article, which gives a simple explanation between the two.
Please give me a call with any questions you may have.