Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.

- is it legal to rent by the room in your area?

This used to be a near-impossible task for a company like BiggerPockets, but technology and 3rd party solutions are getting better.

We got three estimates from masonry repair companies ranging from $7,500 (patch) to $35,000 ("do this repair now or you will need a major $80K repair").

They can and will fine you heavily and order you to remove it completely if you don't go to them first and ask for an inspection and do what they want to make it legal and permitted.Don't try to "get away with it".Be a businessman and fix the problem the right way.

However, I’m unsure of the actual process of paying myself as a business owner.Here are some questions I’m hoping to get clarity on:How do you legally and practically pay yourself from your Airbnb income?

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

Some manufacturered companies treat it as personal property not real property.

I also understand accounting and legality may play a role.

Yes it's definitely legal, and I've sold a few this way.