Quote from @Katie Nolan: Here's the Oregon Landlord - Tenant Law: https://www.oregonlegislature.gov/bills_laws/ors/ors090.htmlHere's a handbook that may be easier to understand: https://oregonlawhelp.org/resources/landlord-tenant-law-oreg...If you're going to be successful, particularly in a heavily regulated state, then I recommend you study the law regularly.

You really have to practice preventive maintenance when trying to ensure a property will cash flow.Knowing the market and helping buyers with ARV potential is a huge step and creates a repeat/return buyer.

Any insights on suitable areas, zoning regulations, or market trends would be greatly appreciated!

On the flip side, tighter regulations or changes in interest rates could shift market dynamics.

It's also illegal for cities to attempt to regulate fees related to screening or applications.

I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

This isn't a requirement but best practice since we don't have public transit.We have two homes on septics.

Does this mean they're technically violating lending rules/regulations by not informing the lender that the property will be sourced as a rent-by-the-room asset? 

Here is the rule from the IRS regarding length of stay for short term rentals:As defined by Treasury Regulation Sec. 1.469-1T(e)(3)(ii)(A)The average period of customer use is 7 days or lessThe average period of customer use is 30 days or less.

The emotional part takes time to develop, but the more you consciously practice it, the better.