But you're living in a market people are keeping an eye on from all over the east coast! 

Is there anything I can do to protect my investment?

I do like real estate, I have a great eye for design, but would hate to have to evict someone—that would be my worst nightmare, so I’m not sure I’m cut out for being a landlord (although I would fully anticipate having a property manager)Is option #3 a far inferior option compared to keeping our expensive house in expensive city as a rental and only having to deal with one property that gives us great appreciation in 10 years ?

Key steps to protect yourself as an Oregon landlord:1.

4) Would It be easier to borrow that money knowing that I am trying to provide affordable housing in the governments eyes?

We need to remember that our job as a PM is to protect and build the value and cash flow of the property for the owner. 

You will need to completely cover all new flooring for protection as well. 

Trying to protect their cash from inflation or government appropriation. 

Keep an eye on local developments that could boost property values.4.

@Garrett Brown glad to know we see eye to eye on valuable STR content and proper spelling!