Its very situational and requires careful consideration and planning. 

I've heard multiple people on the podcast say to just jump in, but I want to make sure my idea is sound before making any moves.Thanks in advance for your time and consideration.

Here in Oregon the beginning of the year (Jan/Feb/March) foot traffic typically slows down considerably.

In many areas, I think some of those considerations and regulations are warranted, since those areas are zoned exclusively residential, are filled only with sfr's, and an str is a commercial endeavor. 

Hi All,I would appreciate thoughts/ considerations/ cautions for analyzing a mixed use property that has a duplex with a regular apartment next to a small storefront that's soon to be vacant?

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

The second consideration is that students or rather their parents are willing to pay for the newer nicer properties with more amenities.

@Ryan SummersThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

And that should be a primary consideration from my standpoint.Really respect your points here and just trying to debate and share my views as well.

However, if you prefer to meet in person and not over zoom or some other digital means, that would be a consideration.