When we bought it the rents BARELY covered the mortgage payment so it would be cash flow negative after other costs.

Originally posted by @Jay Hinrichs:Oregon passed these ADU laws a long time ago. and you see basements converted and some new builds ( we have done it) but its not affordable housing.. its housing for those that can afford 1500 to 2500 a month for a one bed room in a great neighborhoods.Most people can barely afford what they've got, so it's typically only people with money that can afford to build an ADU and then they'll rent it for a high price. 

Saying my STR's affect the local rental market will be false....I do only mid to higher end properties, no living been will be willing to pay me 2500 per month that barely covers my expenses.STR do affect our local rental market and this is a fact.

Can you muster up the bare empathy to see things the way the tenant probably would and the taste this would leave in any elected official's mouth if they had to adjudicate a petty, grasping, little dispute like this?

After a discussion with my mom, I found out about bigger pockets and wanted to see if I can somehow get in the game with barely any cash.

That is a bare minimum for a new lease up fee.  

@Jonathan Greene That is a very good point, a lot of the condo HOA's in Florida barely allow you to rent out long term let alone STR.

Sounds like you have done the smart thing by cutting the fat off the bones and are concentrating on the bare essentials. 

I'd suggest just buying right into easy deals with barely any work/rehabbing.

The bare minimum you're allowed to pay yourself is based on guidelines issued by the IRS.