To ensure you’re acting ethically:Full Transparency: Be upfront about your intentions and ensure the organization has all the information it needs to make an informed decision.Fair Value: Offer a price based on fair market value or justify any discount with clear benefits (e.g., taking on deferred maintenance or providing a quick, hassle-free transaction).Win-Win Mindset: Emphasize how the sale could help the organization, such as freeing up funds for its mission or relieving the burden of maintaining a distressed property.4.

The rule of 5's, or 5% for capex, maintenance and vacancies is going to get you in trouble.

Just avoid self-dealing and follow IRS rules.

The general rule of thumb when using debt is to ensure that whatever asset you buy with the debt should make more than the debt service.  

Encore is within Reunion, there are a few different communities inside and all have different rules.

Don't focus on a "rule of thumb" as a rookie.

Also, from what I read in Bloomberg, midterm rentals near major hospitals can sometime command a decent premium.. especially if they include some nice furnishings.Little Tweaks Count: Even minor upgrades, like new door locks or a fresh coat of paint, can help you justify a stronger rent.Driving for Dollars & Networking..

Hi Max, a good rule of thumb is to start with your target market/ideal guest.

I would not categorically rule out a triplex and/or quad plex though...

As with all regions, the Oregon Coasts' counties and cities are tightening their rules (and quantities of allowable vacation rentals) and there are a few adjustments to last year's regulatory landscape.