I'm not familiar with these platforms, but it sounds like they aren't mature enough yet to capture the important nuances that Chris mentioned.

Your property management rate should be higher—there aren’t many options in the Metro East, and the good ones tend to be expensive.You mentioned that he’s already okay with you removing the tenant or adjusting rent if needed.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

They aren't the actual bank so need to upcharge these fees and hoping in volume they can make enough to continue operating. 

We're new to real estate and would appreciate advice on our current home in Texas and our future place in Oregon.We love our house in Austin and aren't ready to sell, but as a long-term rental, it would yield (from what I understand) negative cash flow, covering principal and interest but not taxes and insurance.

There aren't many lake front properties in that area for sale, but there are a number that are in the 800k range.

If borrowing, use a non-recourse loan since personal guarantees aren't allowed.

Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.

If so then it could be worth moving the investment but if you aren't sure then I would keep whats working. 

., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.