In order to prepare for disclosure deadlines and detect potential deal roadblocks, the seller may carry out "reverse diligence" on the buyer.Finally, it's crucial to comprehend the motivation behind the trade.

But HOA are a whole other universeAnytime people buy properties for STR they really need to have a plan B and C for changes in the market and law... the STR is subject to a lot of changes, so you need to be prepared

Not recording doesn't make it not legit but, you'll need to record to protect yourself.Once you do record, be prepared for the due on sale clause if there is a lien on it.

There's a lot of preparation, a ton of patience and when it's time to strike, very little room for error and a lot of action all at once! 

Your best bet is to keep a pulse on the area and fresh listings, but to otherwise venture just north or south.Focus on the areas that are more inviting and often even more monetizing, if you want to improve your chances for a short term rental permit on the Oregon Coast. 

Be prepared to document where that cash came from - in your case, that's easy, your HELOC.Would be happy to help you with that sort of transaction if you want to reach out - I find a lot loan officers are unfamiliar that this option even exists. 

If you want to shower me w/advice on my specific scenario:2x Duplexes4% Mortgage Rates / Very small loansMixture of LTR/MTR/STRActive Income (not very passive)Net Income around $24,000 in totality (however my books are a mess and am currently working with someone to CLEAN THEM UP so I can get a clearer picture)Would you a) hold; b) sell and open a franchise or other business venture ?

Good on you for being prepared in advance!  

However, we notice it also needs more improvement as some of the results are not accurate or whatever AI you are using and my thoughts about the AI you've mentioned I think it will happen after a long time ago or much better if we all prepare.

I'm a new immigrant with some foreign savings, looking to venture into real estate investment in the DMV area.