If you were renting to an only a couple as a long term tenant and they beat each other up (domestic violence) your liability is minimal.  

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.

It seemed like a long-term play with less price or industry volatility.

Long time reader 1st time poster.

While I don't object to spending money to do one's due diligence, I don't know if $500 is called for when you can get very high quality syndication groups/meetups/information for free.

However, I probably would not upgrade it but I would rent it out LONG TERM at least until you know your long term status in Portland.  

There are many of us that are long time repeat clients on both ends of lending and borrowing that have worked with them for years and we are all very satisfied.

You won't get calls at 11:30pm on a Saturday reporting heat is out when the temperatures are -17 degrees.Increased Long-Term Property Value: "Nobody will care about my property better than me!"

Once you do, then you can verify if it's hard or easy to flip there.Couple questions I would be asking, how long does the permit process take.

And then go back to the broker/lender once you are serious or have it under contract about the deal for exact rates and terms