ThanksThere’s a Corvallis/Albany REI group as well if that is a closer commute for you.

If not, I would go closer to water, but not on top of it.

Quote from @Conte Cuttino: My advice is very basic: always hold a property unless you can sell and invest the money in something that provides a greater return or moves you closer to your goals.

An equal or better option is for furnished mid-term rental which should be closer to $4,200 per month.

I do most of the management and I also don't charge, but he also goes to the property a little more than I, since he is closer. 

2) When this becomes a LTR could your brother handle most/all of the property management to help bring this closer to 50/50? 

The owner wants $1.4 million, I'm thinking closer to $900k, on account there is deferred maintenance and then having to get rid of all 3 tenants.   

@Daniel Kurkowski also Daniel around here the average cost for a new mobile home is closer to $140k so a tiny house is an even more affordable option.

How do other members in the community get around you when they are walking on the sidewalk (perhaps in pairs or parents with strollers) especially when there is concomitant traffic and you are not stepping back onto the property / grass / lawn to get out of their way.4.

I want the STR to be close to the main national parks and still on the fence weather it needs to be rural or closer a city.