Finance your first duplex or triplex through FHA Loan, Conventional Loan, Owner-Occupied Financing, and Portland-specific programs.

Even when wholesalers “kinda’ admit to the seller that they are going to “wholesale” the property, they still tend to mislead the seller by talking about “financing partners”, “equity positions”, “mentors” “membership” etc.So, various states have, under the banner of consumer protection, enacted legislation to restrict the use of the “wholesale” transaction in RESIDENTIAL OWNER OCCUPIED real estate - note, not commercial property and not residential when the transaction is between 2 investors. 

Below is the market update that I sent to all of the owners that we work with.

Quote from @Joe Mills: You are exempt if you meet one of the following requirements:Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at onceIf those don't apply, then you must abide by Fair Housing and you must make reasonable accommodations for people with assistance animals.

However, the real education is at the Broker/Owner retreat, available only for Broker/Owners.

The best part is you can do it with very little money down using owner occupied loans. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

I'm a licensed commercial and residential agent and looking to acquire 28 units though owner financing. someone knocked it out of the park when they said your return is theoretically higher if you use financing vs cash.

If this ordinance is still just a proposal, what happens to all of the STR owners when/if it does get passed?

The property was acquired with the long-term vision of capitalizing on the nearby development of a casino, expected to attract workers and residents.