It’s not much closer in terms of drive time to my work, but it’s also closer to where I want to live.

CAP RATE investors are thinking in terms of "Do I invest in stocks, bonds, real estate, buying a business, or something else?" 

They both can work extremely well - and they both provide a great opportunity in terms of getting your foot into the real estate investing world.

When calculating ARV of a multi-family unit is there anything I need to be attuned to beyond the typical process of finding what rehabbed homes within the immediate vicinity have been going for in terms of $ per square foot?

The house is a 3/2 with a finished basement that is large and open (no egress).The house has 2 large family room areas that would be difficult to convert into additional bedrooms so I am thinking of furnishing 1 with office furniture to try to attract young professionals.Is there anything I consider in terms of how I can word my ad to attract folks who want a home office without breaking any rules?

Before we closed on this as-is deal, we strategized to get the necessary work to make it "rental ready" and not go over the top with anything in terms of spending, partially due to an upcoming wedding and a few pending repairs needed at other properties.

These seem like MUCH more attractive markets in terms of cashflow and BRRR potential.Having seen what happened to Kingston after IBM left I'm concerned about having all my eggs in one basket. 

In terms of different parts of town I would think property taxes will play a huge role and age of building and the maintenance that is required

In terms of the liability side of the equation, I would talk to an insurance agent and get a quote for a liability umbrella policy which will provide adequate protection if someone try's to sue you. 

Eugene has been the 2nd tightest market in terms of inventory in the US for a few years now.