In many cases, it takes a few years to really start seeing any appreciable cash flow, but it is the relationships we make, the learning and overcoming challenges and obstacles every day that is the true rewards in this business.

But if do a BRRRR from far away that's risky too, without a really good and trustworthy team in place and lots of checks and balances (security cameras, someone local to check on your property) and the ARV and refinance aspect can be challenging.  

I think the most important part is a willingness to learn and succeed plus just knowing your goals and pushing forward towards them.Each market has its challenges and PDX area is no different. 

However, if you’re just a W-2 with no STRs or REPs, it’s going to be challenging to reduce that tax via real estate. 

Challenges?

I can be relatively sophisticated in Excel to handle something like this.I'm sure there's a million posts about this but would be happy to hear your POV on vrbo vs airbnb. 

It's important to work with someone who has firsthand experience with the challenges and rewards that investors encounter.

Also, my kids don't want to manage the rentals that I have now, but they could handle the Florida condo hotels.Thanks for your replys.

Just be mindful of the demands and challenges it entails.Best of luck with your venture!

They will also be able to handle any closings/title work.