Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Hey @Patrick Zepeda, I hate to be a negative nelly here but that is a tough area.We have looked there extensively and now that STRs in the Bend city limits are severely restricted, I would be a bit wary of that expanding to the county.Sunriver will always be a STR haven but prices are even more there.

The mortgage aspect was solved by taking out a $300K (both partner and I are on the note which keeps things at 50%. 

The market absorbed 664 units in Q1 2024, a positive sign after negative absorption in the latter half of 2023.

A Lot of agents 1) don’t really know all the intricacies/procedures/rules/strategies to do a short sale and 2) don’t want to do all the extra work involved in one, for no extra fees.Attorneys are not great for negotiating/processing shorts sales…they often slow the process down are not needed.If it comes to that point, have a talk with your agent, and their broker, about switching to an agent with short sale experience.You would need to show a financial hardship though….as in you can Not afford to pay the negative cash flow indefinitely. 

But ended up being a lot of negative cashflow on both.I got started!

Assuming $200/month “cashflow”, it would take 2+ years to make up for the difference, meaning this house is cashflow negative for the next 2+ years.

They need to understand that they will be taking over responsibility for making mortgage payments while the loan remains in your name.Legal and Ethical Considerations: Ensure that all aspects of the transaction comply with local laws and regulations regarding real estate transactions and disclosures.

The small claims court amount as I understand is 10k max, if I do proceed with CSLB will it negate the claim if I win the case.

Tenant screening is IMO one of the most over looked aspects of rental properties.