a few builders have done cottage clusters in PDX.. market is not accepting them and as such you wont see many more since they are not penciling out.

Hopefully, if that situation arises, the notice results in attitude correction and the lease can continue uninterrupted.Having said that, if the eviction is 5 years ago, I'd probably accept the couple - but let them know I'll be keeping them on a short leash.

Or increase the threshold or requirements for accepting a tenant to avoid risk of evictions? 

I told him he might as well accept it as it is or go back to Florida as that's just the culture. 

Accept this and you will do great!

Between all the licenses I already carry for my current business endeavors in different states, I'm not too keen on adding another set of licenses I would need to possibly study, apply for and take a test for then maintain with CE credits in an industry I'm not even sure I want to take on with any meaning volume.  

For those curious, if this applies to them, just follow these general principals: To qualify for the Section 121 exclusion you must: Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion

This will define for us what size of land we will be targeting, what unit compilation we are looking at doing which helps define some of our cost outlay and we will have an idea of market pricing capacity so from this we can formulate a generalized range of acceptable site development costs which then empowers us to know; what kind of land are we looking for, in what area, what's an acceptable price range to delve further...... 

Hi, I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental.

I may switch to a 5% conventional loan to avoid the risk of failing the self-sufficiency test.