If you’re open to looking outside Portland, Memphis is one of the strongest markets for affordable buy-and-hold investing, since you can still find properties that hit the 1% rule, cash flow from day one, and stay well under the price point you’d see on the West Coast.

Properties should be within 20% (plus/minus) of the 1% rule.

When running comps for a fix-and-flip, is there a general rule to offset the ARV due to land size discrepancy?

Airbnb markets are oversaturated, travel trends are shifting, and cities are tightening STR rules.

In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

BTW: if you do decide to keep it and rent out together, you will NEED a partnership agreement to set the rules about how issues that will come will be handled.

Love it, those sound like fantastic first deals, and definitely a much less stressful way to get started than the path I took.

My understanding is that the rule isn’t about STR vs.

The federal guidelines, and they are only guidelines, not rules or laws, are 2 heartbeats per bedroom.But, you are in a BLUE state and tenants can walk all over landlords there so who knows what laws really apply and how much it will cost you to have those laws enforced.

I am actually thinking about real estate school in the Spring just so I can further my knowledge with laws, rules etc.