Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing. 

But if the mortgage is 2k or 3k then I'll be in a tough spot. 

Not sure about FL, but many places don't publicly list the purchase amounts, so tough to know what they sold for. 

Consider different strategies like mid and short term rentals as I believe the Portland area would allow for success in both (although I have heard Portland proper is tough on STRs).Best of luck!

Keep in mind that this is also a very tough time to be entering the market as an agent because the inventory is so low.  

The weekly rentals were $8,000 (June) & $8,500 (July-August) As the summer season rental is approaching us, we are faced with a tough decision.

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

I believe this tough-on-crime approach will make Albuquerque safer and a better place to do business in the near and long-term future. 

You need to be able to substantiate this tenant caused this damage and that it didn't exist prior and small items like this are less likely to be prove-able. 4.

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.