BUT....They just canceled my policy because the property had cloth-covered wiring (like most 1951 houses do). 

I currently own 3 houses (2 rentals) (1 primary).  

Over the next year, a modest 0.8% decrease is projected, indicating a potential cooling of the market.Norada Real EstateDespite high housing costs contributing to population shifts, the Portland real estate market remains resilient.

@Alex Saidenstat what are the odds you'll get a 12 month performing tenant in a $65k house?

I was thinking about pulling 100-150k out of my house (currently owe 150k but worth 600k) to buy something to rent.

Quote from @Daniel Vargas: I think you should consider a house hack.

A HOUSE BOAT?

@Connor Meehancan you house hack instead?

I guess the risk comes with the incertitude of the period the house is being built.

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.