You need a place to live no matter what, and I can't imagine rents are very cheap in Portland, so you're usually better off at least having the benefits of a little tax writeoff and mortgage paydown while you own, plus being able to paint the walls the colors you want, etc.I'd hang tight if I were you, see if your market goes up a bit more over the next few years (which I personally believe many will, just my professional opinion,) and try to refi and dump your mortgage insurance (assuming you have it) as soon as possible.In the meantime, hang onto your $50,000, keep growing it, and wait for the right deal.

From my experience (23 years), I will tell you that attorneys can be fed one of two ways. 1) appetizers or 2) five course meals.People see items such as operating agreements, contracts, etc, as a check the box kind of thing- "my bank requires an operating agreement so I will use my favorite attorney, Google, to obtain one".  

Every landlord has a story like this -- my personal favorite variations are when the property was last used as a drug house and/or bordello.

Grab your favorite pancake lens and you're good to go!

I know this because I happen to be born and raised in in some of the hottest areas in the city right now.Since I'm black and from these areas, I personally  have no problem renting to low income people,  or people of color.

As far as the markets, here is an article with things to consider-https://www.biggerpockets.com/renewsblog/2014/02/2...Memphis isn't my favorite...there are markets now with higher returns and better market fundamentals (in my opinion). 

There should be various color codes for different types of zoning or possibly a number system for residential, industrial, retail, multifamily, etc.

I believe Meeks is contractors favorite.

Jack stack has my favorite beans & q39 is great as well.

Scott and Anson Young.Also, my favorite flavor is vanilla too!