However, if you have a fairly demanding job, and don't have the time, you should likely look for a reputable company to help you with process, especially now that the demand has greatly decreased for short term rentals.

Does the value of the product decreases as the lease term shortens? 

Cash flow requirements for me have gone up to take into account potential rent decreases and vacancy increases (short term) and I am no longer looking for anything that needs significant rehab or a refi.

I owner manage 84 units in the Portland/Vancouver area, and could not sustain a 30% decrease in rental income for long. 

In fact with state wide shutdown, living expenses greatly decreased.

So many towns up here are still recovering from the infrastructure left behind in the 50's and 60's when manufacturing populations started to decrease.

As it sits buying the house seems like a good move as it would decrease our monthly living expense despite it being a very expensive first home (part of why I’m asking for guidance) and also has some value add potential.The Numbers:Mortgage: $2450-$2787 (based on 480K-550K range@ 4.5%)Taxes and Insurance: $700-$800/mo. ($1500/yr. ins.

In the last 4 weeks (since 3/18/20)2,460 properties have been listed for sale.Inventory of homes listed for sale increased from 5,927 to 7,347. (24% increase)1,620 properties for sale went under contract with a buyer to be purchased.2,582 properties successfully completed the selling process and changed ownership.The average number of days to sell a property DECREASED from from 47 days to 39 days. (17% decrease)The average price of single family homes sold decreased by 4.7% from $377,790 to $360,000.The median price of single family homes sold decreased by 2.3% from $320,000 to $312,500.1,134 single family homes listed for rent signed a lease with a tenant.The original list price to final sale price ratio was 96.5%, increased to 103.2% and decreased back to 96.5%The number of weeks of inventory available increased from 8.7 weeks to 12.8 weeks. (47% increase)So what does this all mean?

In temporary closures after major hurricanes, you could return with an out of state DL and a copy of your Dare county property tax bill showing that out of state address.

I predict a dip or atleast sideways d/t decreasing home sales and increasing inventory.