You can rent out your primary residence or a room in it, but there's an annual license fee and a nightly tax involved.Many investors jumped on the STR bandwagon, expecting the market to stay the same.

Please feel free to reach out and ask questions about lending, whether it is for your first time primary SFR or if you are a seasoned investor looking to add another property to your portfolio! 

I bought my first home as a primary residence 2 years ago, and my first rental last year (exciting times).

Very likely a large buyer pool will include those that want to utilize the property as a primary and capture the rental income to offset of hack.

I am in Oregon, I think we can only use licensed contractors here, unless it is my primary.

The last information I saw reflected it limiting the individual investor to a max of 90 days per year allowed to do STR on a property that is not their primary residence.

@Stanley Smeltzer if you going to start out as a primary residence I would also see if you qualify for Down Payment Assistance or Fannie's $5000 grant program.

Regarding the $80K, if it's your primary residence that could be considered tax free money.

One advantage is that it's easy to manage because it's close to your primary home.

My fiancé and I are considering selling our current primary residence in 9 months (after we hit the 2 year mark), and also our last primary residence.