The house is located in a relatively nice neighborhood near universities and plaza.

I’ve invested relatively small amounts in “flyers”, and because the invested amount was small in relation to my overall portfolio chose not to perform a thorough due diligence.  

One thing I would say is that, given you're relatively new to REI, be careful about being too spread out too early in your REI career.

In any event here are the top five investor related insights and changes I've seen or experienced on the Oregon Coast since I obtained my OR RE license:- Seller Carried transactions are getting MUCH harder to identify.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

The harm to a little one from a fall related to a faulty high chair seemed a little too high risk for us.

When I look at how housing prices have changed over a relatively short period of time, I am so glad I bought when I did because I'm not sure I could do what I did 10-15 years ago now. 

The same inspector required me to install integrated wired fire alarms such as when one goes off they all go off even though I had no permit related to anything with fire alarms (unless you count removing a wood burning fireplace).  

Owner-occupied loans must be in your personal name.What is deductible: Once your old primary becomes a rental, that’s where the tax benefits kick in:You can depreciate the structure (over 27.5 years).You can deduct repairs, maintenance, and upgrades directly related to the rental portion.If it’s a multi-unit property and you live in one unit, you can deduct improvements to the rental units only.Labor you perform yourself is not deductible, but materials and third-party costs are.Better strategy: Keep the rental portion in your name or a rental LLC if you're okay with commercial financing.

Waterfront homes, particularly those with Gulf access, can command higher prices and potentially higher returns on investment.3) Tourism and Vacation Rentals: Cape Coral's proximity to popular tourist destinations like Fort Myers Beach and Sanibel Island makes it attractive for vacation rentals, especially during peak tourist seasons.4) Affordability: Compared to other coastal areas in Florida, Cape Coral offers relatively affordable real estate options.