It reduces the risk for the investor if they stay local.  

Will the seller be staying in the area17.

I am looking to purchase an extended stay hotel.

It's a free market. - You will finally get a tenant. 

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

It has a free plan that I think will meet my needs.  

Stay Financially Smart – Investing doesn’t mean taking reckless risks.

That home was in Milpitas CA.. probably worth about 1 mil today.. but I lived there 2 years sold it made over 50k and I was off to the races.. primary home equity as I look back 50 years of ownership and multiple homes has made me well over 2.5 million in tax free gains. 

I’d highly recommend speaking with a CPA who understands both states’ tax laws to optimize your structure.If you need any local insights on property management or investment strategies in Oregon, feel free to reach out.

I haven't spoken to the county yet, but will make that phone call today.As far as financing -- I was leaning more towards getting a business line of credit or using a business credit card and rolling it over to interest free cards.