The only place this would appear to make sense is in Class D neighborhoods which could cash flow.You have rights to income but nothing else - sounds like an unsecured note at the end of the day.Chris you make good points.  

The appearance of these conflicts is the exact reason we have chosen not to set up a separate maintenance company.4) As others have said some of these might be security deposit issues.Best,Rick  

You don't appear to have a specific goal, so I wouldn't move the money unless you can put it in a better investment.Portland is not a great investment area.

I suspect that is due the psychological aspect in the appearance of it being cheaper in rent, because it's all in the same  area/complex. 

They think my name is Att not Matt lol.I do have to say I appreciate Tyler appearing on the forum to defend himself but doesn’t make me trust him.

I ask because it appears I can make this work by rotating occupancy throughout the 12m between my old primary (now refi'd to an investment property) and the new primary.

If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years. 

This appeared to be everything I was missing.

Sometimes the market changes or can't absorb the rents that they want, so they issue concessions to make it appear as if it's performing as intended.

Get a quote from them or get the fire marshall and the electrician at to the home together and walkthrough what they want to do and have fire marshall review to see if that appears acceptable to them.