Where are most of the better STR returns in Central OR right now?

Rates are going to start to fall in or aroud May/June of this year so by the time you have purchase the nest home you can do a "Rate & Term" refiance and lower the rate on the first home. 

Here's the problem - in order to be fully dialed in the model needs to be unstable.

Completing the setup will likely lead to smoother operations and peace of mind in the long run.

I am the boots on the ground and provide all of the time and my partners supply the money.

so you can easily do some background on the principals..

If I read the story correctly, your client did not report rental income.

My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.

I'm a realtor and investor in the Indy area. 

There's no problems living next to your tenants, just tell them your the manager NOT the owner to avoid guilt tripping.You have to analyze the deal 1) while you're living there 2) when you move out.