Quote from @Brynn Walden: Paul AzadThanks Paul, I have applied to join the 506 group and look forward to reviewing that site!

You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.

Ask if you could visit an active site and/or talk to a previous client.

You can literally find answers to all of your questions within the confines of this site.

This site is ideal for a number of commercial uses.

Where to find 1031X properties listed for sale in Oregon: Investors can find commercial and income producing listings on sites like Loopnet and Crexi and experienced investor RE Brokers will generally have access to commercial MLS listings also.

You can literally find answers to all of your questions within the confines of this site.

This is not a financial planning question but a simple can you afford to buy a home and how much can you afford if you can buy.You might have better luck posting in the home buying section of this site as this personal finance portion of BP doesn't get much attention.

@Ken LatchersI had a feeling it’s not as good as they made it seem on the site.

I find data on free sites like Zillow extremely helpful for days on market for certain homes, and it allows you to sort by bedrooms to see how long a potential property may sit on the market at this moment (great for comping rent prices in the area as well)if I were to live in the property, I would take advantage of the FHA low down payment option to keep cash in my pocket for Reno costs  Hope this helps!