Having owned rental condos, I’d recommend skipping if there are any rental restrictions like a percentage allowed or requiring approval from the board because that is a big risk that can prevent you from renting the unit out based on your schedule.

Do some research into building your own strong lease so you can implement a tight ship and bring the rent up to market if it's not already. 

The adoption of the Residential Infill Project must now be acknowledged by the State and implementation is expected in 2021.https://www.portland.gov/bps/rip/news/2020/8/12/portland-city-council-adopts-residential-infill-projectObviously this is a big deal.

I've thought about starting to implement everything I've read and heard step by step...BUT for us it is not a time to think about rentals it is time to relocate.Now, We need to relocate from the south-east part of the US to the north-east.For this moment our primary residence has 25% of equity on it.

I'm buying this building for the potential of what it can do in the future after I Implement my business plan and by maximizing the NOI  thereby increasing the value of this asset and then going back to the bank to refinance to harvest out the equity that I put into it.

However, even that is usually limited to serious defects in the home that prevent the home from being safely lived in.

It is assumed by the state that any rental larger than a 1 bedroom will fall into this category at some point because of the anti-discrimination laws that prevent landlords from refusing a family because they have a child.

TICs are increasingly common in the LA market however we don't yet have visibility into the process of how they are implemented and processed.Thanks @Jesse Daconta - these are some super interesting and helpful industry benchmarks.

In fact, immediately after the tenant is directed to "provide" the declaration to their landlord, it states "Unless the CDC order is extended, changed, or ended, the order prevents you from being evicted or removed from where you are livingthrough December 31, 2020." 

Yes I have a contract and yes I should get my EMD back but what is preventing them from selling it now that the value has increased dramatically.