Quote from @Shane Haas: Looking at purchasing a foreclosure cash (with help from parents), and then financing the home shortly after renovations are made. 3 questions: Are their issues with them giving me funds to assist with purchase?  

One thing that really helps is lining up flexible, short-term financing—like hard money loans or private lenders—who get your goals and can close quickly.

While this can be appealing for short-term liquidity without immediate monthly payments, it often comes at the cost of significant equity upon sale.

Since this will be a lengthy process I will attwmpt to fill these units up with short term office tenants, or anyone that is looking for storage space. 

@Kevin Collins I definitely think that turnkey companies have their place for certain investors however with that said you have to understand that you are paying for ‘convenience’... in short there is no free lunch.

I'm also in Eugene and have (or have done) flips, long- and short-term rentals, and multifamily.

Your development deal will look much like a flip in the eyes of the IRS since it is 6-9 months as well you'll have the short-term side of taxes, not the capital gains taxing on it.  

Short-term stay?

In short, most likely yes but it depends on your entire tax picture.

Like almost everything else in life: Short-term pain for long-term gain!