I think the most important part is a willingness to learn and succeed plus just knowing your goals and pushing forward towards them.Each market has its challenges and PDX area is no different. 

However, if you’re just a W-2 with no STRs or REPs, it’s going to be challenging to reduce that tax via real estate. 

Challenges?

And tons of people are getting into this business and drive the price down (simple supply vs demand curve).

Just be mindful of the demands and challenges it entails.Best of luck with your venture!

We need more supply to do that.

I get it.. for homeowners this is a no brainier for apartment dwellers this is still going to be a challenge going forward. 

Some STR hosts have switched to MTR though with the laws so maybe you just have a supply problem there.

Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

Starting small and scaling up is a tried-and-true path, and this community is filled with people who’ve walked that road and are eager to share their experiences.Feel free to ask questions, share your wins (and challenges), and tap into the collective knowledge here.