During the renovation, I faced several challenges due to the home’s age and hidden damages, including ruptured plumbing, termite infestation, rotted wood, and lack of insulation.

At least in my area, it's cheaper to own a condo with the HOA dues than it is to pay for all the utilities, snow removal, waste management, maintenance, etc, that goes along with an SFR.

States like CA, NY, CT, NJ, MD are notorious for high sale price homes, higher taxes and hard to cash flow.

I would also be careful of HOA/POA dues. 

I have done deals such as wholesale deals, Rent to Own, Lease Option, Option deals, Tax Liens, Finding private money all because of some of their videos that helped me understand how to.

This safety measure aims to prevent structural failures and ensure tenant safety.Originally, the first inspections were due by January 1, 2025, but a recent update—AB 2579—has extended the deadline to January 1, 2026.

They don't all offer the same servicers (default management, document services, tracking of taxes and insurance, escrows, etc.), but I am with you that communication and competency are key.

Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%.

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.

It is better suited to someone who loves Costa Rica and would like a property that they can spend a few months a year at if they would like and still cash flow after all maintenance and utilities and taxes.