Yesterday morning, I asked my lawyer to send 30 day notices to a homeowners for whom the three years redemption period has expired.

There are many factors that may make this investment go worse that this layout.  

It seems like an important risk factor that investors should be aware of.

If you offer first, I would factor worst case on rehab and offer based on that.

In addition, to factor in their debt load, I require the rent + monthly debt payments to be no more than 45% of their GROSS monthly income.

The contrasting growth patterns between Oregon and neighboring Washington suggest that factors such as taxes and public services are influencing these trends.portlandmetrochamber.comOverall, Portland's housing market in early 2025 reflects a balanced environment, with steady home prices and a healthy inventory, offering opportunities for both buyers and sellers.

With big properties like apartments, usually they'll at least get specific inspections (i.e. roof, pest and dry rot, phase one, etc.)But when a flipper becomes quite experienced they often feel comfortable enough doing the inspection themselves too, which is another factor. 

OF course, they are all-electric if that factors into things for you ...I.E. if electricty is really pricey in your area...or if the power grid shut down, or.....?

These were in the Myrtle Beach and North Myrtle Beach markets, but I believe this is a factor to consider in any market you're looking at. 

Multifamily properties, particularly those with 2 to 4 units, can appreciate at different rates compared to single-family homes, depending on a range of factors such as location, market demand, and overall economic conditions.