I very much appreciate the honesty around the current state of the market in the area and I will make sure to adjust our projections accordingly.We are excited to start our journey and looking forward to contributing to the BiggerPockets community.

If you are passive in those rentals (not real estate professional for tax purposes which requires 750 hours of real estate), and your Modified Adjusted gross income is over $150,000, then the cost seg is not actually going to save you any taxes. 

When that happens, you can adjust the rent to match current market rates.

Sometimes a second inspection or negotiation can also help adjust the valuation. 

Your net gain is your net sale, minus your adjust cost basis.

So investors want someone with a long track record of reliable and risk adjusted returns.

As with all regions, the Oregon Coasts' counties and cities are tightening their rules (and quantities of allowable vacation rentals) and there are a few adjustments to last year's regulatory landscape.

If not then probably better to just continue paying for it yourself, unless you want to speed up the process and you are constrained by cash.Your decision to refinance is going to be contingent on what your long term plans are.

Quote from @David Martoyan: Has anyone here successfully adjusted their strategy to focus on finding deals that don’t follow the traditional ARV formula?

I would like to use this life adjustment as a catalyst for my entrance into real-estate.