While people will always need homes people can consolidate, move and unfortunately become homeless.There are risks in all business. 

Hey Kelsey, Unfortunately, it's not that simple, since you need to consider your AGI (adjusted gross income) to get the real savings here and that requires doing your taxes quite literally from start to finish.

For one, I would not trust Zillow to pay out under any circumstances, so there's that.

Unfortunately, I have been guessing about a lot of things I shouldn't have been guessing about! 

Unfortunately, Oregon has a 9.9% tax rate on capital gains in addition to the federal tax.

It's all about finding the right fit for your circumstances.

The unfortunate truth about cheap properties is that a hot water heater and a roof still cost about the same as a proprety in a more expensive areas so your repairs/vacancy/capex is going to eat up a larger % of the gross rent than a more expensive property even though the $ might be similar.

Its important that you go with the plan that makes the most sense for your facts and circumstances  

Unfortunately, there are a lot of inexperienced GP's that are now tasked with making these decisions and even scarier, and beleive this needs more attention is the fact their LP's aren't even aware of their lack of experience or trackrecord.

Unfortunately, we found out that we could not use this option since the property used window units for A/C which was not accepted for FHA financing.